Overview
- Deputy Governor Sarah Breeden said UK–U.S. synchronization on stablecoin oversight is “really important” and confirmed the Nov. 10 publication.
- The consultation is expected to soften earlier proposals, according to reporting referenced by the coverage.
- The Bank of England plans to focus first on stablecoins used for payments and to include temporary holding limits to manage risks.
- Bloomberg reporting cited in the article indicates caps of about £20,000 for individuals and roughly £10 million for companies.
- The UK frames the plan as balancing competitiveness with financial stability concerns, including potential deposit shifts into stablecoins.