[Bank of England May Scrap Stablecoin Holding Limit Plans] BlockBeats News, March 12, according to a report by Cointelegraph, Bank of England Deputy Governor Sarah Breeden stated during testimony before the UK House of Lords Financial Services Regulatory Committee that the central bank is open to approaches for managing stablecoin risks and is not limited to implementing holding limits. Breeden pointed out that the proposed holding limits are intended to prevent a large outflow of bank deposits into stablecoins, which could potentially restrict lending and reduce credit availability for businesses and households. She stated: 'We are indeed open to other ways of achieving this goal. I believe you have also heard from others during your inquiry that this risk to credit provision is real.'