The Bank of England just rewrote the rules on stablecoins and the $53 billion ceiling is only the beginning

The Bank of England published its final stablecoin framework on June 22, replacing controversial individual holding limits with a £40 billion issuance guardrail per coin and granting issuers greater flexibility on reserve composition. The decision puts the UK alongside the EU and US as one of three jurisdictions with a binding stablecoin regime, but a £40 billion cap and thin margins on sterling coins raise questions about who the framework actually works for.