# Bank of England Governor Andrew Bailey says international regulators could face a difficult confrontation with the U.S. over how stablecoins should be governed.

*fintech · news · 2026-05-11 · Crypto News*

## Key points

- Bank of England proposes temporary limits of £20,000 for individuals, £10 million for corporate stablecoin holdings.
- Stablecoin issuers would be required to hold 40% of reserves as non-interest-bearing deposits at the central bank.
- Andrew Bailey warned of a likely regulatory “wrestle” with U.S. authorities over global stablecoin governance.
- Bailey highlighted that some stablecoins may not be easily redeemable for cash during market stress.
- Latest U.S. Senate draft bill bans rewards on idle stablecoin balances but allows other customer incentives.

**Countries:** United States, United Kingdom

[Read the full story on Crypto News](https://crypto.news/bank-of-englands-andrew-bailey-warns-stablecoin-oversight-may-become-flashpoint-with-u-s/)

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