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Bank of England softens rules on stablecoins ahead of UK regime
The Bank of England eases stablecoin backing rules, allowing issuers to hold up to 60% in UK government debt ahead of the UK regime’s 2026 rollout.
The Bank of England (BoE) has released revised proposals for UK stablecoin regulation, easing earlier strict backing requirements. Under the new plan, issuers may invest up to 60 % of backing assets in short-term UK government debt (formerly required to hold 100 % with the BoE). A transitional cap of 95 % applies when moving from Financial Conduct Authority oversight.
The shift reflects industry feedback and targets launch of the stablecoin regime by 2026. ([turn0news39])