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Bank of England’s Sarah Breeden: Digital gilt will bring down borrowing costs.
The Bank of England plans to issue the first all-digital sovereign bonds in a developed economy.
KEY POINTS
- Digital gilts are expected to have a lower yield than traditional bonds due to reduced settlement cost.
- Early proposals for strict stablecoin caps and reserves may be softened after industry backlash.
- Britain's digital bond push will expose key market infrastructure to increased cyberattack risks.
- Anthropic has postponed releasing its latest AI model after identifying widespread IT security weaknesses among financial firms.
COMPANIES
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