Bank of England Eases Stablecoin Reserve Requirements, Cuts Central Bank Deposit Ratio to 30%
The Bank of England has finalized its rules for systemically important stablecoins, lowering the required share of reserves held at the central bank from 40% to 30% and allowing the remainder in short-term UK gilts.
The Bank of England published updated rules for systemically important stablecoins, revising collateral and limit requirements for large issuers. The regulator decided to ease the digital asset collateral structure from its earlier proposal.
Under the final version, issuers must hold only 30% of reserves in non-interest-bearing deposits at the central bank, down from the initially proposed 40%. The remaining 70% can be held in short-term UK government bonds with maturities of up to six months.
Source: ForkLog