The Bank of England may be softening its stance on stablecoin limits 🏦 Deputy Governor Sarah Breeden told lawmakers the central bank is “genuinely open” to revising proposed caps on sterling-denominated stablecoins after industry criticism. The current proposal would temporarily limit holdings to: • £20,000 for individuals • £10 million for businesses The caps were originally introduced to reduce the risk of deposit flight from traditional banks if stablecoins gain widespread adoption. At the same time, regulators are weighing whether strict limits could slow innovation in the UK as stablecoin development accelerates globally.