Aave founder Stani said he could accept the Bank of England’s proposed requirement that 30% of base assets backing systemic stablecoins be held at the central bank, provided the BoE pays a market interest rate on those reserves. According to ChainCatcher, the BoE has proposed placing part of systemic stablecoin reserves at the central bank to reduce risk.

Stani said his position depends on whether the interest paid on these passive deposits can offset the opportunity cost of assets that would be locked under the rule.