🇬🇧JUST NOW: UK SOFTENS ITS STABLECOIN $USDT RULES AFTER ADMITTING THEY WERE TOO STRICT
The Bank of England has released new draft rules, allowing regulated UK stablecoins to operate from 2027.
Changes include dropping its £20,000 individual holding cap, while keeping a £40 BILLION limit on each major stablecoin.
Issuers can also hold 70% of reserves in UK govt debt, leaving only 30% stuck in non-interest-bearing BOE deposits.