# April 1st: The Bank of England’s Stablecoin Regime is Already Dead: UK Companies are Settling £ Trillions Without Sterling, So Has the Bank Just Regulated a Ghost? Ft: Erich Schoeckel of 2Tokens

Page: https://stenobird.com/podcast/digital-bytes-by-team-blockchain-radio-powered-by-cyber-fm-5825857/april-1st-the-bank-of-england-s-stablecoin-regime-is-already-dead-uk-companies-are-settling-trillions-without-sterling-so-has-the-bank-just-regulated-a-ghost-ft-erich-schoeckel-of-2tokens
Text version: https://stenobird.com/podcast/digital-bytes-by-team-blockchain-radio-powered-by-cyber-fm-5825857/april-1st-the-bank-of-england-s-stablecoin-regime-is-already-dead-uk-companies-are-settling-trillions-without-sterling-so-has-the-bank-just-regulated-a-ghost-ft-erich-schoeckel-of-2tokens.md
Podcast: [Digital Bytes by Team Blockchain Radio; Powered By Cyber.FM](https://stenobird.com/podcast/digital-bytes-by-team-blockchain-radio-powered-by-cyber-fm-5825857)
Published: 2026-04-08T22:13:00+00:00
Episode link: https://podcasters.spotify.com/pod/show/team-blockchain/episodes/April-1st-The-Bank-of-Englands-Stablecoin-Regime-is-Already-Dead-UK-Companies-are-Settling--Trillions-Without-Sterling--So-Has-the-Bank-Just-Regulated-a-Ghost--Ft-Erich-Schoeckel-of-2Tokens-e3ha7d8
Audio file: https://anchor.fm/s/7bb47050/podcast/play/117824360/https%3A%2F%2Fd3ctxlq1ktw2nl.cloudfront.net%2Fstaging%2F2026-3-1%2Ff9280ae6-115d-a23b-cdff-61a5b1212852.mp3
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Duration seconds: 1453

## Resource

English law has never required sterling/legal tender to settle obligations. Precursor to the Bank of England, the 1694 National Land Bank failed, but its idea of using assets as payment lives on through freedom of contract. Corporates are able to legally settle £trillions in tokenised property, stablecoins or RWAs, therefore bypassing the BOE’s 40/60 regime, holding limits and unremunerated deposits entirely. Click here to read the article

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