Bank of England Eases Stablecoin Rules, Swaps Holding Caps for £40B ‘Guardrail’
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The Bank of England is easing stablecoin rules by scrapping individual holding caps and introducing a £40 billion per-coin issuance limit, effectively creating a £40 billion 'guardrail'. This change will also allow issuers to hold more reserves in government debt, a move expected to boost the UK's stablecoin market and potentially pave the way for increased adoption and innovation.
The BoE scrapped individual holding caps for a £40 billion per-coin issuance limit and will let issuers hold more reserves in government debt.