BOE Sets $52.8B Stablecoin Cap and Drops Holding Limit

Bloomberg's Anna Irrera joins Scarlet Fu and Tim Stenovec on "Bloomberg Crypto." The Bank of England has scrapped plans to limit how much firms and households can hold in UK stablecoins and instead introduced a temporary £40 billion ($52.8 billion) cap for the total issuance of each coin. (Source: Bloomberg)