Bank of England Deputy Governor: Stablecoin holding limits will be lifted once economic risks are eliminated

Jinse Finance reported that Bank of England Deputy Governor Sarah Breeden stated that once stablecoins no longer pose a threat to the economy, the Bank of England will lift the currently proposed limits on the amount of stablecoins individuals and businesses can hold. Breeden pointed out that the rapid adoption of stablecoins could lead to a "large-scale outflow" of bank deposits.