Overview
- Draft Bank of England plans would cap stablecoin balances at about £20,000 for individuals and £10 million for businesses, with 40% of reserves held in non‑interest‑bearing central bank accounts.
- Armstrong amplified a Stand With Crypto UK petition that has surpassed 80,000 signatures ahead of a March 3 deadline, with 100,000 needed for potential parliamentary debate.
- Coinbase reported $1.35 billion in stablecoin revenue for 2025, up from $911 million in 2024, including $364 million in the fourth quarter.
- Bloomberg Intelligence estimates Coinbase’s stablecoin revenue could grow two to sevenfold under the U.S. GENIUS Act, which permits yield on stablecoin deposits.
- In the U.S., Coinbase withdrew support for the draft CLARITY Act over proposed yield restrictions that would extend to exchanges, as White House‑hosted talks with banking groups and crypto advocates continue without an agreement.