Aave founder Stani has expressed conditional support for the Bank of England's proposal requiring systemic stablecoins to hold 30% of their base assets as reserves at the central bank. Stani stated that he would accept this requirement if the BoE pays market interest rates on these reserves. The proposal aims to mitigate risk by ensuring a portion of stablecoin reserves are held securely, but Stani emphasized the importance of the passive deposit rate covering the opportunity cost of these "locked" assets.
Aave Founder Stani Supports BoE's Stablecoin Reserve Proposal with Market Rate Condition
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