Aave founder Stani criticizes UK stablecoin regulatory policy: 30% interest free reserve will stifle domestic issuance, making it difficult for the UK to compete with the US Aave founder Stani posted on X platform that although the Bank of England has lifted the £ 20000 limit for individuals holding stablecoins, it still requires issuers to deposit 30% of their reserves into interest free accounts with the central bank. Stani pointed out that this seriously weakens the economics of stablecoin issuance, which is equivalent to taxing issuers and may force companies to move to offshore markets. In addition, the UK will limit the issuance of stablecoins to £ 40 billion, which will also curb growth. He believes that there is not much fundamental difference between on chain bookkeeping and existing payment institution databases, and regulators should maintain technological neutrality, otherwise the UK may find it difficult to compete with the US.