Bank of England Softens Stablecoin Rules With £40 Billion Issuer Cap
The Bank of England has softened its proposed framework for systemic sterling stablecoins, dropping individual holding limits and replacing them with a planned aggregate cap on issuance by each systemic issuer. TL;DR The Bank of England has moved away from proposed individual stablecoin holding limits. The revised framework points to a temporary £40 billion issuance… Continue reading Bank of England Softens Stablecoin Rules With £40 Billion Issuer Cap