UK and US Support Unified Stablecoin Reserve, Redemption, and Market Access Rules
2026-07-15 20:20
Odaily Planet Daily News: The UK and US governments, through the Future Markets Cross-Atlantic Working Group, have issued a joint position on stablecoins, supporting coordinated rules on reserves, redemption, market access, and cross-border use.
The two governments stated that if stablecoins are properly regulated, they can improve payments, settlement, and financial market infrastructure, while supporting the development of private digital currencies under public sector oversight.
The UK and US indicated that stablecoins used as currency should be fully backed by high-quality liquid assets at a minimum ratio of 1:1. Reserve assets should be segregated from the issuer’s own funds, with disclosure standards for custody, redemption, and legal rights provided to holders.
The two countries also stated they will explore pathways for stablecoins issued in one country to enter the other’s market, and support fair, risk-based access to financial services and markets for legitimate, regulated stablecoin and digital asset providers.
The two governments stated that if stablecoins are properly regulated, they can improve payments, settlement, and financial market infrastructure, while supporting the development of private digital currencies under public sector oversight.
The UK and US indicated that stablecoins used as currency should be fully backed by high-quality liquid assets at a minimum ratio of 1:1. Reserve assets should be segregated from the issuer’s own funds, with disclosure standards for custody, redemption, and legal rights provided to holders.
The two countries also stated they will explore pathways for stablecoins issued in one country to enter the other’s market, and support fair, risk-based access to financial services and markets for legitimate, regulated stablecoin and digital asset providers.
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