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via Decrypt · By Decrypt Editorial
Bank of England Eases Stablecoin Rules, Swaps Holding Caps for £40B ‘Guardrail’
DE
Decrypt Editorial(04:43 PM UTC)
1 min read
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0 commentsIn 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 now hold up to 70% of their…
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