Bank of England plans to relax stablecoin restrictions policy

Trump Mobile's T1 handset appears to be a re-skinned HTC U24 with assembly done in the U.S. What to know : The TRUMP token, the official memecoin tied to President Donald Trump, fell about 5 percent as Trump Mobile said its long-delayed T1 handset will begin shipping next week. The T1 phone, sold by Trump Mobile, is a rebranded device likely based on an existing HTC model, with manufacturing details still unclear and only final assembly confirmed to take place in the United States. The latest price drop suggests investors see the T1 launch as another Trump-branded product struggling to sustain interest, with the TRUMP token already down nearly 90 percent from earlier levels.

Binance has announced the addition of Pharos (PHAROS) and Perpetual Contracts (STAR) to multiple services, including futures contracts, officially launching on 2026-05-14 at 13:15 (UTC+8). Notes: - Trading perpetual contracts involves high market risk and price volatility, which may result in the liquidation of the entire margin balance. - Binance reserves the right to adjust contract parameters (such as funding rates, leverage, margin requirements, etc.) based on market risk conditions. - The launch of perpetual contracts does not imply that the corresponding token will be listed on the spot market.

Binance announced the launch of PHAROS and STAR USDT perpetual contracts.

Sarah Breeden, Deputy Governor of the Bank of England, stated that the initial proposal for stablecoin regulation may have been "too conservative". The bank is reviewing the regulations on individual holdings up to £ 20000 and corporate holdings up to £ 10 million, as well as the requirement that at least 40% of the supporting assets must be interest free central bank deposits. At present, stablecoins still have a relatively small proportion in the global $315 billion market, and regulatory goals aim to balance innovation and financial stability.

The Bank of England has decided to reduce its strict regulatory plan on stablecoins due to pressure from the cryptocurrency industry. （Watcher.Guru）