Bank of England Governor Andrew Bailey warned that international regulators could face a difficult confrontation with the United States over how stablecoins should be governed in global payment systems. According to Reuters, speaking at a conference on Friday, Bailey said stablecoins require international regulatory standards to operate safely across borders. He has also warned that some U.S. stablecoins could face dollar redemption and liquidity problems during a crisis, with cross-border use potentially creating run risk in other jurisdictions, including the UK.