The Bank of England's deputy governor, Sarah Breeden, has defended the central bank's 'multi-moneyverse' vision in response to criticism from Nigel Farage. Breeden emphasized the Bank's commitment to fostering a financial ecosystem where traditional deposits, tokenised bank deposits, and stablecoins can coexist. She highlighted the Bank's role in providing necessary infrastructure and regulatory frameworks to support this transition. The Bank is set to propose a stablecoin regulatory regime, which may include temporary holding limits of £20,000 for individuals and £10 million for businesses. These measures aim to protect credit and are expected to be lifted once the financial system adapts to the new landscape.