Key takeaways Why is the UK’s new proposal bad for stablecoins? Kulechov says reserve model and holding restrictions would discourage issuers What is the status of sterling-backed stablecoins? They rank 10th in the stablecoin market, and the proposal would not help improve their ranking. The founder of DeFi lending protocol Aave (AAVE), Stani Kulechov, recently … Continue reading Aave founder warns UK rules could make GBP stablecoins ‘unattractive’