In a significant regulatory update, the Bank of England (BoE) has eliminated individual holding caps for stablecoins, introducing a new issuance limit of £40 billion per coin.
This change aims to provide more flexibility for stablecoin issuers, enabling them to hold a greater amount of reserves in government debt.
The adjustments reflect the BoE's ongoing efforts to adapt to the evolving landscape of digital assets and to ensure a robust regulatory framework.