The Bank of England has released a draft regulatory framework for stablecoins, setting a £ 40 billion issuance limit

The Bank of England issued the draft regulatory framework for stable currency, set a ceiling of 40 billion pounds, prohibited the payment of interest to holders, required the reserve to include 70% of short-term British treasury bond bonds and 30% of Bank of England deposits, and enforced a 24-hour redemption mechanism. （CoinDesk）