Stani: UK stablecoin regulation policy will weaken competitiveness

Aave founder Stani posted on X platform that the Bank of England requires stablecoin issuers to deposit 30% of their reserves into the central bank's interest free account and set a £ 40 billion cap, which will weaken the competitiveness of the UK. Stani pointed out that this policy weakens the economy of stablecoin issuance, which is equivalent to taxing issuers or forcing companies to move to offshore markets, and regulation should maintain technical neutrality.