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Morning Edition · Tuesday, June 23, 2026Published at 6:27 AM EDT · New York
Bank of England Sets Stablecoin Rules and Caps Sterling Tokens Near $53 Billion
The framework removes per-wallet limits but keeps systemic pound stablecoins far below the scale of dollar tokens at launch.
The Bank of England set out rules for sterling stablecoins that remove per-wallet holding caps but impose a systemic ceiling of roughly $53 billion on pound-denominated tokens at launch. The framework gives issuers a regulated path while ke…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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