The Bank of England proposed a £40 billion systemic stablecoin issuance guardrail and revised backing assets, targeting a 2027 launch.

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 published its final policy and draft rules for stablecoins on Monday, easing some proposals set out for industry consultation last year. The…