Bank of England: Stablecoin Caps Are Temporary Safety Nets

The Bank of England (BoE) has clarified that the proposed limits on stablecoins are temporary measures designed to ensure a smooth transition to a multi-money system. The BoE’s initial caps, ranging between £10,000 and £20,000, aim to mitigate potential financial risks while allowing for innovation in digital currencies. These caps will likely be lifted once the financial sector adapts to stablecoin integration.