BoE publishes ‘final’ stablecoin policy
Systemic sterling stablecoin holding limits swapped for £40bn issuance cap
The Bank of England announced what it said would be its final systemic stablecoin policy today (June 22). Under the new policy, a “temporary guardrail” limits issuance to £40 billion per stablecoin.
The previous approach, laid out in November last year, set holding limits at £20,000 for individuals and £20 million for businesses.
“The guardrail will be regularly reviewed and removed once we are satisfied that the risk to credit provision has been effectively mitigated,” the bank said in today’s
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