Bank of England says it will be ‘the banker to the stablecoin’
Photo: Crypto Briefing
A new policy statement loosens earlier proposals for sterling stablecoins, with a £40 billion issuance cap and full rules due by the end of 2026 The Bank of England has picked a side in the stablecoin debate. It wants to be the bank behind them. A Bank of England deputy said the central bank will serve as “the banker to the stablecoin,” a notable phrase from an institution not usually known for warm words about crypto. The comment follows a June 22, 2026 policy statement that softens several of the bank’s earlier proposals for sterling-denominated stablecoins.
Source: Crypto Briefing
