The Bank of England proposes a cap of £20,000 on individual stablecoin holdings

The Bank of England proposed that among the assets supporting stablecoins, 60% can be held in short-term UK government bonds, and at least 40% must be held at the Bank of England.

The Bank of England proposed a limit of £20,000 on individual stablecoin holdings, while the limit for corporate stablecoin holdings is £10 million.

Stablecoins transitioning from the regulatory framework of the Financial Conduct Authority (FCA) can have up to 95% of their reserve assets invested in short-term government bonds.