Bank of England Delays Decision on Digital Pound
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On October 13, 2026, Sarah Breeden, Deputy Governor of the Bank of England, said that the UK does not need to rush to launch a digital pound. The Bank of England and HM Treasury will decide in 2026 whether to proceed with the project. The Bank of England believes that commercial stablecoins and tokenized bank deposits may fill the payment gap that the digital pound was originally intended to address. Data shows that, as of the end of 2025, the size of sterling stablecoins was less than $6 million, while the global stablecoin market was worth $308 billion. At present, whether to proceed with the digital pound remains to be decided by the Bank of England and HM Treasury.
AI-written from reports · updated 6 days ago
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- CryptopolitanBank of England says there is no rush to advance the digital pound and will decide this year
Bank of England Deputy Governor Sarah Breeden said the UK does not need to rush to launch the digital pound, and that the central bank and HM Treasury will decide in 2026 whether to proceed. The Bank of England believes commercial stablecoins and tokenized bank deposits could fill the payment gap the digital pound was originally intended to address; as of the end of 2025, the sterling stablecoin market was worth less than $6 million, while the stablecoin market stood at $308 billion.
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