Stablecoins & CBDC

Oxford Business Law Blog - What Scottish Banknotes Can Teach Stablecoin Regulators (Feb 2026)

Scottish banknotes offer a historical model for stablecoin oversight, showing how private money can circulate credibly when backed by clear redemption rules, prudential safeguards, and supervisory discipline. The analysis draws lessons for modern stablecoin regulation and financial stability.

Topics: stablecoins, regulation, financial stability, policy

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