Bank of England Eases Stablecoin Rules, Swaps Holding Caps for £40B ‘Guardrail’
In brief The Bank of England published its final policy and draft rules for systemic stablecoins on Monday, easing proposals after industry warnings they could choke off a sterling-backed market. It scrapped planned caps on individual holdings, replacing them with a temporary issuance limit per stablecoin, initially set at £40 billion ($53 billion). Issuers can…