Bank of England softens sterling stablecoin rules with £40B issuance cap
- —Temporary issuance cap set at £40 billion per sterling stablecoin
- —Reserve share in short-term UK government debt raised from 60% to 70%
- —Remaining 30% of reserves can be held as central bank deposits
- —Full framework due by end-2026, stablecoin operations from 2027
Why it matters: The UK is setting the rulebook for systemic sterling stablecoins, shaping how and when such coins can launch and scale.
Source: Crypto Briefing
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