The Bank of England has new developments in stablecoin regulation. Vice Governor Dave Ramsden recently stated that if stablecoins truly develop to become systemically important, the UK might need to establish a protection mechanism for stablecoin deposits similar to traditional bank deposit insurance.

What does this mean? Simply put—when a stablecoin project faces risks or completely collapses, holders could have priority in bankruptcy proceedings. Through this regulatory framework, the central bank aims to maintain public confidence in stablecoins as a "currency."

It is worth noting that the UK has recently adjusted its cash deposit protection policy, raising the deposit protection limit from £85,000. This policy tweak reflects that, as stablecoin use cases expand, traditional financial regulatory frameworks are gradually adapting to the risk characteristics of crypto assets.

From a market perspective, this is a concrete example of the central bank balancing "innovation and risk prevention." Once stablecoins are incorporated into the formal bankruptcy protection framework, it signifies regulatory recognition of their financial status, but also entails stricter access and operational standards. For stablecoin projects and users, this is a signal—the importance of compliant operation is becoming increasingly prominent.