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DeFi News

The FCA and the Bank of England are calling for industry feedback on their proposed stablecoin regulation framework, aimed at targeting systemic payment systems and ensuring financial stability. The move marks a significant step in the UK’s efforts to establish a safe and regulated environment for digital currencies.

The decentralized finance (DeFi) sector experienced a notable decline in economic activity in August, with trading volumes across DeFi protocols dropping to $52.8 billion, marking a 15.5% decrease from July.