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Former BIS Chief Backs Stablecoin as Bank of England Moves to £40B Issuance Cap Model
Agustín Carstens, the former head of the Bank for International Settlements, has taken a more supportive view of stablecoins, highlighting their potential to improve financial inclusion, reduce costs, and support innovation. In parallal, the Bank of England revised its proposed stablecoin framework, replacing individual holding limits with an aggregate issuance cap. Under the updated approach, the central bank will no longer cap personal holdings at £20,000 or business holdings at £10 million per coin. Instead, systemic stablecoins will face a temporary £40 billion issuance limit. Several jurisdictions have ... (full story)
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