The Bank of England is preparing to implement new regulations for stablecoins, aiming to streamline international financial transactions and minimize associated expenses. Deputy Governor Sarah Breeden underscored the potential for stablecoins to accelerate cross-border payments and contribute to a more diverse financial ecosystem. She pointed out that these regulations are influenced by a U.S. bill aimed at mainstreaming stablecoins. Breeden emphasized that stablecoins, traditionally found in the cryptocurrency market, are now entering established financial systems. This digital nature has the potential to expedite and reduce the cost of cross-border settlements while facilitating tokenized securities trading.