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🚨 Bank of England reshapes stablecoin rules 🇬🇧
BoE shifts from per-user caps to a risk-based model, introducing a ~£40B issuance limit per stablecoin.
• ❌ No individual holding limits
• 📊 £40B issuance cap
• 🏦 Softer reserve rules (still high-quality assets)
• 🔐 Focus on systemic risk
Final rules are expected by end-2026.