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BoE Drops Stablecoin Holding Limits, Easing Path to GBP Liquidity Pools
The Bank of England has revised one of the most controversial parts of its stablecoin proposals, replacing individual holding limits with a single aggregate issuance cap. The change removes a key obstacle to using pound-backed stablecoins for larger balances, settlement, and collateral. The revised proposal drops plans to cap individual holdings at £20,000 and business holdings at £10 million per coin. Instead, the BoE will apply a temporary £40 billion aggregate issuance limit for systemic stablecoins. Industry concerns have not disappeared. Coinbase’s European policy head Katie Harries told the FT that two ... (full story)
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- Jun 22, 7:15pm | 7 hr ago Posted byFundamental Analysis41
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