Coinbase criticizes UK stablecoin caps, warns $1.35B at risk on February 25, 2026

On February 25, 2026, Coinbase criticized proposed UK stablecoin caps, saying the limits threaten $1.35 billion of its business. The Bank of England's draft would cap individual holdings at £20,000 and corporate holdings at £10 million and require issuers to keep most reserves in short-term government debt and central banks.