Bank of England Eases Stablecoin Rules, Swaps Holding Caps for £40B ‘Guardrail’
The BoE scrapped individual holding caps for a £40 billion per-coin issuance limit and will let issuers hold more reserves in government debt.
Crypto Daily·
MiCA stablecoin rules took effect in June 2024, reshaping euro token issuance and payments. MiCA 2.0 could lift competitiveness—key trade-offs and risks.
Read full articleThe BoE scrapped individual holding caps for a £40 billion per-coin issuance limit and will let issuers hold more reserves in government debt.
BoE replaces stablecoin holding caps with a £40B issuance limit framework. Stablecoin issuers can now hold 70% of reserves in UK government debt. New rules aim to balance digital payment innovation with financial stability. The Bank of England has unveiled a revised regulatory framework for systemic stablecoins, removing proposed limits on individual holdings and easing […] The post Bank of England Drops Stablecoin Holding Caps in Major Policy Shift appeared first on Live Bitcoin News.
USD1's circulating supply expanded 9.7% over the past seven days to $4.85 billion, a 100th-percentile move that pushes the World Liberty Financial-issued stablecoin past Sky's USDS in net weekly inflows.
The Bank of England has published its final policy positions and draft rules for systemic stablecoins, softening parts of its earlier proposal. The central bank dropped individual holding caps and instead proposed a temporary $52.9 billion (£40 billion) issuance limit for each systemic stablecoin. Bank of England Revises Stablecoin Rules to Support Growth The Bank […]
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SEKAU launches as the first MiCA-compliant Swedish krona stablecoin for institutions. AllUnity targets treasury, settlement, and payment use cases across five blockchains. Dollar stablecoins still dominate liquidity, creating a major adoption challenge for SEKAU. Europe’s stablecoin market has gained a new entrant with the launch of SEKAU, a Swedish krona-backed stablecoin developed by AllUnity. The […] The post New Swedish Krona Stablecoin Launches as Dollar Dominance Grows appeared first on Live Bitcoin News.