BUSINESSTHE BLOCK
Bank of England drops proposed holding caps for sterling stablecoins, sets £40 billion issuance guardrail
The Bank of England proposed a £40 billion systemic stablecoin issuance guardrail and revised backing assets for sterling stablecoins, aiming for a 2027 launch. The plan drops previous holding caps for these stablecoins.
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Adjacent reporting
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- Bank of England set to ease sterling stablecoin rules amid industry concerns: FT
- Bank of England ready to water down 'overly conservative' stablecoin proposals: FT