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flag The Bank of England proposes letting major stablecoins back 60% of assets with short-term government debt to boost stability and innovation.

flag The Bank of England has proposed allowing systemic stablecoin issuers to hold up to 60% of their backing assets in short-term government debt, aiming to enhance stability and liquidity. flag The move supports safer, more resilient digital currencies while enabling innovation in payments. flag The rules target stablecoins with potential systemic impact and emphasize strong governance and transparency. flag The proposal is open for consultation, reflecting a shift toward a more supportive stance amid global competition and pressure to boost the UK’s digital economy.

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