Bank of England Drops Stablecoin Holding Cap, Sets £40 Billion Issuance Limit

The Bank of England has published its final policy statement and draft rules for 'systemic' stablecoins, softening parts of its earlier stance in a move that could shape how large-scale pound-pegged tokens are issued and managed in the UK. In the draft released this week, the central bank dropped a previously proposed cap on how much stablecoin individuals could hold.