Wu Blockchain has learned that the Bank of England has released a policy statement on pound-denominated systemic stablecoins and a consultation document on the 'Draft Code of Practice,' aiming to finalize the operational framework by the end of 2026. The proposal will support an asset structure adjustment to 70% short-term UK government bonds and 30% non-interest-bearing Bank of England deposits. Personal and corporate holding limits will no longer apply, replaced by an initial temporary issuance cap of £40 billion per systemic stablecoin product. The Bank of England also stated that systemic stablecoin issuers are prohibited from paying interest to holders but may offer rewards related to payment activities. Redemption requests must be completed within 24 hours of receiving a full request. The central bank plans to introduce central bank liquidity tools, with more details to be announced in 2027. The consultation will conclude on September 22, 2026. https://(wublock123.com)/news/bank-of-england-proposes-pound-stablecoin-regulation-40bn-cap-63212