The Bank of England replaced per-person stablecoin holding limits with a £40 billion issuance cap per systemic stablecoin, easing reserve rules to 70% UK

After industry pushback, the Bank of England has dropped its proposed individual holding caps for stablecoins in favour of per-issuer issuance limits.

LONDON, June 22 : The Bank of England on Monday eased proposed stablecoin rules following widespread concern they risked stifling development of a nascent sterling-backed market,…