Liz Truss will soon be succeeded as Prime Minister by Rishi Sunak, a former UK Finance Minister and well-known crypto-bull.
Sunak wants to make stablecoins a “recognized form of payment” in the UK and establish a “financial infrastructure sandbox” to encourage companies to innovate in the market.
Sunak expressed interest in the possibility of the Bank of England launching a central bank digital currency (CBDC) in October of last year.