[Andrew Bailey: Stablecoins Require International Unified Standards] According to Reuters, Bank of England Governor Andrew Bailey stated at the Financial Imbalances Conference on May 8 that if stablecoins are to integrate into the global payment system, international unified standards must be established, which would create a contest with the Trump administration. He warned that some U.S. stablecoins face liquidity risks and may not be directly exchangeable for U.S. dollars during a crisis, potentially leading to capital inflows into jurisdictions like the UK.