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06/23 17:15

British pound stablecoins capped to $53B ceiling a

#HTXCommunity4thAnniversary #2026 World Cup Posting Challenge on HTX Square #World Cup Predictions: 100,000 USDT Daily The Bank of England has removed the biggest usability objection from its sterling stablecoin plan, but it has kept a ceiling on how large any single systemic pound token can become. In a June 22 policy statement and draft Code of Practice, the central bank removed proposed holding limits for individuals and businesses, raised the share of backing assets that may be held in interest-bearing securities, and replaced wallet-level caps with a temporary £40 billion issuance guardrail for each systemic sterling stablecoin product. That turns the UK debate to scaling. A token that no longer has to police ordinary business balances is more plausible as a payments infrastructure, but a successful issuer would still be rationed before it reaches the market cap of the largest dollar tokens.
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