Dossier
sterling stablecoins
Coverage of sterling stablecoins in the Nexus archive.
- Bank of England drops proposed holding caps for sterling stablecoins, sets £40 billion issuance guardrail
The Bank of England proposed a £40 billion systemic stablecoin issuance guardrail and revised backing assets for sterling stablecoins, aiming for a 2027 launch. The plan drops previous holding caps for these stablecoins.
- Bank of England outlines tokenization, stablecoin vision for UK finance
The Bank of England plans to publish draft rules for systemic sterling stablecoins next month and finalize them by the end of this year. The central bank's vision includes tokenization for UK finance. This move aims to regulate and establish guidelines for stablecoins in the UK financial system.