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Bank of England drops stablecoin holding caps in final UK rules – TON BOT

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Bank of England drops stablecoin holding caps in final UK rules

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The Bank of England has removed proposed limits on individual stablecoin holdings and eased reserve requirements in its final policy and draft rules for systemic stablecoins. The changes include dropping individual holding caps and setting an initial issuance limit of £40 billion per token, with 70% of reserves allowed in short-term government debt. Industry concerns prompted the revisions. The central bank aims to support innovation in payments while establishing protections for digital money. Stablecoins are part of the broader UK digital finance plans, with the Bank of England positioning them alongside tokenized bank deposits and a possible retail central bank digital currency. Authorities are advancing tokenization initiatives to address the rapid growth of stablecoins and ensure regulated sterling-backed stablecoins can operate in the UK market.

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