🇬🇧 UK MAKES IT CHEAPER TO RUN A STABLECOIN BUSINESS THAN THE EU The UK's FCA will require stablecoin issuers to hold just 1% of tokens in circulation as reserves, half of the 2% the EU demands under MiCA. This effectively cuts the cost of issuing stablecoins in the UK to half of what it costs in the EU, making the UK a cheaper option. The Bank of England also scrapped its plan to cap how much stablecoin one person can hold, which was originally set at $26,500.(Coin Bureau)