Britain Wrote The World’s Most Cautious Stablecoin Rules, Three
The Bank of England's systemic stablecoin regime dropped proposed caps on individual holdings, replacing them with a temporary issuance ceiling of 40 billion pounds (about $52.8 billion) per coin. Issuers may hold up to 70% of reserves in short-term UK government debt, up from a proposed 60%, with the rest in non-interest-bearing Bank deposits.
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