Bank of England Opens Consultation on Systemic GBP Stablecoin Framework

The Bank of England launched a consultation on November 10, 2025, proposing regulatory requirements for systemic sterling stablecoins in UK payment systems. The framework introduces temporary holding caps of £20,000 for individuals and £10 million for businesses. Reserve requirements mandate issuers maintain 60% in short-term UK gilts and 40% in non-interest Bank of England accounts.