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UK digital payments: Welcome to the ‘multi-moneyverse’

Sarah Breeden, Deputy Governor of the Ban of England gestures as she speaks at the Bank of England Stability Report, on July 9, 2025 in London, England.
Sarah Breeden, Deputy Governor of the Bank of England. (Photo: Alistair Grant – WPA Pool/Getty Images)
Max Savoie | Ashurst profile image Simon Williams | Ashurst profile image

Max Savoie | Ashurst, Simon Williams | Ashurst

2 min read

The summer of the stablecoin continues as the Bank of England sets out its UK digital vision.

Key takeaways

  • The Bank of England outlines its UK digital payments vision.
  • Different forms of money to be freely exchangeable (including bank deposits, stablecoins and central bank money).
  • Singleness of money preserved, and trust in money safeguarded.
  • More progressive stance by the Bank of England.

“Multi-money”

The Bank of England

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