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Bank of England unlocks $50B stablecoins
Published 1 week, 2 days ago
Description
Bank of England greenlights stablecoins while Bitcoin ETFs bleed for six weeks. The regulatory on-ramp is open, but institutional capital is still fleeing.
Today's key developments:
• Bank of England just dropped individual holding caps for stablecoins, setting a $50B issuance guardrail instead.
• Baillie Gifford launched a tokenized fund holding Solana and Ethereum with BNY Mellon as custodian.
• Spot Bitcoin ETFs just logged their sixth consecutive week of net outflows.
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⚠️ Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always do your own research.
#crypto #bitcoin #ethereum #dailypulse #tokenmetrics
Sign up for the Daily Pulse at tokenmetrics.com
Today's key developments:
• Bank of England just dropped individual holding caps for stablecoins, setting a $50B issuance guardrail instead.
• Baillie Gifford launched a tokenized fund holding Solana and Ethereum with BNY Mellon as custodian.
• Spot Bitcoin ETFs just logged their sixth consecutive week of net outflows.
🔔 Subscribe for daily crypto market updates!
⚠️ Disclaimer: This content is for educational purposes only and does not constitute investment advice. Always do your own research.
#crypto #bitcoin #ethereum #dailypulse #tokenmetrics
Sign up for the Daily Pulse at tokenmetrics.com