Bank of England Implements Temporary Stablecoin Caps to Ensure Financial Stability

The Bank of England is enforcing temporary restrictions on stablecoins to protect the financial system, as clarified by Deputy Governor Sarah Breeden. These measures aim to mitigate risks while reassuring stakeholders that they are not permanent. The bank will maintain these limits until it is confident that digital assets won't threaten lending to the real economy, reflecting its commitment to stability in the evolving financial landscape.