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Bank of England Drops Stablecoin User Caps and Sets $53 Billion Issuance Limit

Bank of England Drops Stablecoin User Caps and Sets $53 Billion Issuance Limit

BullishBitcoin

The Bank of England has published its final policy positions and draft rules for systemic stablecoins, softening parts of its earlier proposal. The central bank dropped individual holding caps and instead proposed a temporary $52.9 billion (£40 billion) issuance limit for each systemic stablecoin.

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The original article is written in English.