🚨 BONUS @TokenizedPod! 🚨 @sytaylor is joined by: 👉 Pavel Chichkanov, Senior Manager, @bankofengland To discuss: 🏴󠁧󠁢󠁥󠁮󠁧󠁿 Bank of England remit for systemic stablecoins ☝️ Singleness of money principle for stablecoins 💸 Backing assets composition changes 📉 Liquidity buffer reduced from 40% to 30% central bank reserves 🪜 Step up approach with 5% buffer for early scaling stablecoins ❌ Removal of holding limits replaced by temporary 40 billion guardrails 🔒 Core tenets unchanged including 24 hour direct redemptions 🔄 Joint FCA transition timelines *** Timestamps: 00:00 Introduction 0:43 Bank of England remit for systemic stablecoins 1:36 Singleness of money principle for stablecoins 2:15 Backing assets composition changes 2:15 Liquidity buffer reduced from 40% to 30% central bank reserves 4:56 Step up approach with 5% buffer for early scaling stablecoins 5:29 Removal of holding limits replaced by temporary 40 billion guardrails 8:44 Core tenets unchanged including 24 hour direct redemptions 11:05 Joint FCA transition timelines *** 👉𝘚𝘦𝘢𝘳𝘤𝘩 '𝘛𝘰𝘬𝘦𝘯𝘪𝘻𝘦𝘥 𝘗𝘰𝘥𝘤𝘢𝘴𝘵' 𝘖𝘯 𝘠𝘰𝘶𝘛𝘶𝘣𝘦. 𝘈𝘱𝘱𝘭𝘦, 𝘚𝘱𝘰𝘵𝘪𝘧𝘺 𝘰𝘳 𝘢𝘯𝘺 𝘗𝘰𝘥𝘤𝘢𝘴𝘵 𝘗𝘭𝘢𝘺𝘦𝘳! 👈