BoE caves in to pressure on stablecoin backing plans

By Frank Prenesti

Date: Monday 10 Nov 2025

(Sharecast News) - The Bank of England has caved in to pressure from the crypto industry on what traditional assets stablecoins can be tied to.
It has now proposed that issuing firms could invest up to 60% of the assets backing the digital tokens in short-term government debt, a sharp reversal...

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