PANews reported on November 6th, citing Bloomberg, that Bank of England Deputy Governor Sarah Breeden stated that UK stablecoin rules will be implemented "as quickly as in the US," denying that the UK is lagging behind in regulatory progress. She noted that because UK mortgage lending relies on commercial banks, the UK is at a different stage than the US in setting limits on stablecoin holdings. The regulatory framework, developed collaboratively by the Bank of England and other regulators, aims to strike a balance between payments and financial stability. Key areas include issuer oversight, reserve asset security, and payment system integration.