🚨 𝗧𝗵𝗲 𝗕𝗮𝗻𝗸 𝗼𝗳 𝗘𝗻𝗴𝗹𝗮𝗻𝗱 𝗽𝘂𝗯𝗹𝗶𝘀𝗵𝗲𝗱 𝗮 𝗱𝗿𝗮𝗳𝘁 𝘀𝘁𝗮𝗯𝗹𝗲𝗰𝗼𝗶𝗻 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 setting a £𝟰𝟬𝗕 𝗶𝘀𝘀𝘂𝗮𝗻𝗰𝗲 𝗰𝗮𝗽, banning interest payments to holders, and requiring reserves of 70% short-term UK gilts and 30% BoE deposits with 24-hour redemption mandates. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This is one of the strictest stablecoin frameworks from a major central bank. The issuance cap and reserve requirements prioritize financial stability over innovation — creating regulatory clarity but also high compliance barriers. For stablecoin operators, the UK market becomes more legitimate but harder to enter. The framework could serve as a template for other central banks. For traders, the restrictive nature may limit stablecoin growth in the UK but also signals institutional acceptance of the asset class. source: CoinDesk Track real-time signals & trade → https://hupzy.com/trending(Hupzy (Spot On Chain))