Bank of England Deputy Governor Sarah Breeden stated the UK’s stablecoin regulations will be in effect "just as quickly as the US," aiming for speed and alignment with American oversight. The BOE will unveil its proposed rules on November 10, including expected caps of £20,000 for individuals and £10 million for businesses. Breeden explained the need for such limits stems partly from differences in the UK mortgage market compared with the US. She emphasized these caps may be less impactful than perceived. The announcement counters concerns that the UK lags behind other jurisdictions in regulating stablecoins.