Bank of England deputy governor: cap on stablecoin holdings will be lifted after economic risks are eliminated
2025-10-15 21:53:42
Sarah Breeden, deputy governor of the Bank of England, said the BoE would lift the current proposed cap on the number of stablecoins held by individuals and businesses once they no longer posed a threat to the economy, noting that the rapid adoption of stablecoins could lead to a "massive outflow" of bank deposits.
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