Global Watch 🇬🇧 The @bankofengland is testing how stablecoins and central bank money can work together in the same cross-border payment flow. For trade finance, interoperability could mean faster settlement, better access to working capital, and fewer manual processes, particularly for SMEs. The future of digital money won't necessarily be one system replacing another. It may be different forms of money working together. Read more @CoinDesk 👇

UK splits its stablecoin rulebook in two The Bank of England (@bankofengland) and @TheFCA published their joint oversight plan for sterling stablecoins today. Two tiers. Smaller issuers answer to the FCA alone. Systemic ones get the Bank of England on top. Coins like ethereum:0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48 and solana:Es9vMFrzaCERmJfrF4H2FYD4KCoNkY11McCe8BenwNYB stay under FCA-only supervision. FCA rules begin October 2027. Feedback closes 30 September.

🚨 BONUS @TokenizedPod! 🚨 @sytaylor is joined by: 👉 Pavel Chichkanov, Senior Manager, @bankofengland To discuss: 🏴󠁧󠁢󠁥󠁮󠁧󠁿 Bank of England remit for systemic stablecoins ☝️ Singleness of money principle for stablecoins 💸 Backing assets composition changes 📉 Liquidity buffer reduced from 40% to 30% central bank reserves 🪜 Step up approach with 5% buffer for early scaling stablecoins ❌ Removal of holding limits replaced by temporary 40 billion guardrails 🔒 Core tenets unchanged including 24 hour direct redemptions 🔄 Joint FCA transition timelines *** Timestamps: 00:00 Introduction 0:43 Bank of England remit for systemic stablecoins 1:36 Singleness of money principle for stablecoins 2:15 Backing assets composition changes 2:15 Liquidity buffer reduced from 40% to 30% central bank reserves 4:56 Step up approach with 5% buffer for early scaling stablecoins 5:29 Removal of holding limits replaced by temporary 40 billion guardrails 8:44 Core tenets unchanged including 24 hour direct redemptions 11:05 Joint FCA transition timelines *** 👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈

The Bank of England is the exception this time around: In a 6–3 vote by its Monetary Policy Committee, the Bank held interest rates steady at 3.75%. With the Bank of Japan expected to hike tomorrow, and both the Federal Reserve and the European Central Bank having already raised rates, the BoE is alone among the major central banks in holding off this month. #economy# #markets# #centralbanks# #bankofengland#

Good morning. UK inflation climbed to 3.1% in August on higher energy prices, while core inflation remained unchanged at 2.6%. Matching consensus forecasts, the data leaves the Bank of England’s Monetary Policy Committee facing a delicate balance ahead of tomorrow's rate decision: push against against a headline rate back at 3% for the first time since March on worries that it may spill into core, or hold off because core is contained? (Markets are pricing in an 80% probability of a hold.) #economy# #markets# #centralbanks# @bankofengland

Last week in agentic finance: @TheFCA published the Mills Review, the first regulator-initiated review of its kind globally. It found that 11 million UK adults are likely to use AI that can act autonomously within pre-set financial goals. Its recommendations go beyond AI safety. They call for trusted agent frameworks covering identity, delegated authority, consent mandates, control, liability, audit and revocation. @bankofengland also put agentic payments and agentic trading under deeper examination, highlighting a fundamental tension: AI agents are probabilistic. Payment systems require deterministic and legally certain outcomes. Meanwhile, the infrastructure kept moving. @Mastercard completed Moldova’s first payments executed by an AI agent, using authenticated agents, verified intent and consumer-defined permissions. @brave unveiled browser-native support for #x402# and MPP, alongside BravePay for private, onchain stablecoin settlement. @SwiftCommunity made its blockchain ledger ready for initial use, with 17 banks preparing to pilot tokenized deposits for 24/7 cross-border payments. The direction is becoming clearer. Agentic finance is no longer only about giving agents access to money. It is about defining: Who the agent is. What authority it has. Which rules govern its actions. Who is liable when something goes wrong. And whether an action should execute at all. Identity proves which agent is acting. Payment rails move the money. But neither proves that the action still matches the user’s mandate at the moment of execution. That is the missing layer between agentic payments and agent-native banking. Vishwa is building the pre-execution verification layer for that gap. No proof. No execution.