A Bridge, Not a Barrier: BoE’s Breeden Frames Stablecoin Limits as Path to Multi-Money Future

The Bank of England envisions a future where stablecoins are a key part of the monetary system, and its current plan for temporary limits is a bridge to get there safely.

That was the message from Deputy Governor Sarah Breeden, who clarified that proposed caps on stablecoins are a short-term measure to ensure stability.

“Ultimately, we want to support a role for stablecoins as part of a multi-money system,” Breeden stated, positioning the temporary restrictions as a way to monitor adoption and allow the financial system to adjust without disruption.

This long-term vision contrasts with the industry’s initial alarm over the limits, which were seen as a permanent deterrent. Breeden promised the “stopgap” would be removed once the transition is secure.