Bank of England Governor: Stablecoins need to be regulated like commercial bank currencies

According to CoinDesk, Bank of England Governor Andrew Bailey said in a speech at the Institute of International Finance that stablecoins need to be regulated like commercial bank currencies. Andrew Bailey said the central bank has come to the conclusion that the public should expect the value of digital currencies to be guaranteed and needs to have confidence in this to consolidate financial stability, but stablecoins have no definite value.