Bank of England sets 40 billion pound cap for stablecoins! What does the temporary limit mean for investors?

🚨 The Bank of England unveiled a 40 billion pound cap on each stablecoin’s issuance. ⚡ New rules also raise collateral asset ratios and shift focus away from tracking individual wallet holdings. 📈 Currently, pound stablecoins account for less than 0.5 percent of the global market for $USDT and others. Continue Reading:Bank of England sets 40 billion pound cap for stablecoins! What does the temporary limit mean for investors? The post Bank of England sets 40 billion pound cap for stablecoins! What does the temporary limit mean for investors? appeared first on COINTURK NEWS.