Aave founder Stani Kulechov has expressed concerns over the Bank of England's proposal to impose a £20,000 cap on stablecoin holdings. Kulechov warns that such a restriction could negatively impact the United Kingdom's competitiveness in the rapidly evolving digital currency market. The proposed cap is part of the Bank's efforts to regulate the use of stablecoins, which are increasingly being used for transactions and as a store of value.