The Bank of England, the central bank of the United Kingdom, disclosed on the 22nd a policy framework and draft code of conduct for systemically important pound-denominated stablecoins. The draft includes various elements such as issuance caps, yield restrictions, and redemption options. The deadline for public feedback on this framework is September 22. The Bank of England aims to finalize the rules by the end of 2026, ensuring that issuers of relevant stablecoins comply...