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BoE weighs alternatives to stablecoin holding limits following industry pushback
The Bank of England is weighing alternatives to holding limits on stablecoins and will publish draft rules next month, it said on Tuesday. • A cap on stablecoins that could be issued could address concerns about the impact of the technology on lending by banks at lower cost to the sector than holding limits, Deputy Governor Sarah Breeden said at CityWeek 2026. • The BoE had previously said it would introduce holding limits of 20,000 pounds ($26,786) per individual and 10 million pounds per business for sterling stablecoins that are widely used for everyday payments, prompting a backlash from industry. • ... (full story)
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