OK, here is the English translation following all specified rules. BoE Governor: Stablecoin regulation may spark a showdown between US and international regulators

Odaily reported that Bank of England Governor Andrew Bailey stated at a financial imbalances conference that if stablecoins aim to become a key part of the global payment system, international unified regulatory standards must be established, which could lead to a direct confrontation with the Trump administration.

He also expressed concerns about the liquidity risks of some US stablecoins, stating that certain products cannot be directly redeemed for dollars in a crisis scenario and must be routed through crypto exchanges. In the event of a stablecoin run, funds could flow to jurisdictions like the UK that have mandatory convertibility obligations. Andrew Bailey currently serves as the Chair of the Financial Stability Board (FSB) and has long maintained a cautious stance on cryptocurrencies. (Reuters)