The Bank of England “wants” a digital “multi-money system” in retail payments, its deputy governor for financial stability has said.
In a speech today (May 19), Sarah Breeden said that alongside traditional bank deposits, “people should be able to pay with tokenised bank deposits, regulated stablecoins and, potentially, a retail central bank digital currency”.
The speech, delivered as part of City Week 2026, came a day after the central bank and the UK’s Financial Conduct Authority announced their
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