BoE Softens Stablecoin Policy, Drops Individual Holding Limits

The Bank of England has released its final policy framework and draft rules for systemic stablecoins, updating several parts of its earlier consultation.

As part of the revised approach, the central bank has scrapped plans to restrict how much individuals can hold. Instead, it will introduce a limit on the total issuance of each stablecoin, initially set at £40 billion.

At the same time, the Bank has relaxed certain requirements linked to the assets backing stablecoins. It also confirmed its goal of finalizing the full regulatory framework by the end of 2026.

Source: Bank of England