The Bank of England moved to calm industry concerns this week, emphasizing that proposed limits on stablecoin holdings and transaction sizes are only temporary. The central bank aims to give the financial system time to adjust while allowing stablecoins to play a role in the UK’s multi-currency payments system. In a speech at DC Fintech Week, Deputy Governor Sarah Breeden said the central bank’s measures are designed to ensure stability rather than restrict innovation. “The limits allow the structure of real-economy financing to adjust and enable us to monitor adoption of stablecoins,” she explained, noting that ... (full story)