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Bank of England scraps individual holding limits for sterling stablecoins, sets £40bn issuance guardrail

The Bank of England has dropped its proposed caps on how much of a sterling-denominated stablecoin any one person could hold, opting instead to focus on an overall issuance safeguard. Under the updated approach, the central bank set a £40 billion guardrail for total stablecoin issuance.
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