Search results for systemic stablecoins
Crypto
Bank of England tests trade finance payments using stablecoins and digital pound
The Bank of England is testing a payments structure that uses stablecoins and a simulated digital pound in cross-border trade finance. The trial, run at its Digital Pound Lab, is designed to check whether stablecoin payments and digital pound settlement can work in a single flow. It uses no real customer funds. The central bank said the exercise does not signal future policy direction or endorse any company or product, and it has not decided whether to issue a digital pound.
Crypto
UK releases draft stablecoin rules, drops individual, corporate holding limits
The Bank of England has released a draft framework for regulating systemic stablecoins and eased reserve requirements. It removed proposed holding limits for individuals and companies, instead introducing a temporary issuance cap of 40 billion pounds. The draft sets operating standards for regulated pound-pegged stablecoins in the UK. It applies only to payment and retail-focused tokens, while non-systemic stablecoins used mainly for crypto trading fall under Financial Conduct Authority oversight.
Crypto
Bank of England reconsiders reserve rules for pound stablecoins
The Bank of England is re-examining holding limits and reserve requirements it planned to apply to pound-denominated stablecoins. It is weighing whether to keep temporary caps on how much individuals and companies can hold and whether requiring at least 40 percent of reserve assets to sit as non-interest-bearing deposits at the central bank is too conservative. The review follows industry concerns that the rules would be hard to supervise and would hurt profitability.
