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Bank of England considers changing stablecoin reserve plan and holding limits, Simon Taylor notes
Simon Taylor, co-founder at 11:FS, reports that the Bank of England is reconsidering its approach to stablecoin reserve requirements. The original framework would have required issuers to hold 40% of reserves at the central bank with zero interest, while individuals and businesses would each face caps of £20,000 and £10 million, respectively.
Both aspects of the proposal are now under further review.
In previous updates, Taylor challenged the idea that stablecoins offer advantages purely because of lower transaction fees. He also noted a legislative compromise via the CLARITY Act that banned passive yields on stablecoins. Both posts reflect ongoing regulatory developments surrounding the asset class.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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