The UK and the US support unified stablecoin reserve, redemption, and market access rules
2026-07-15 20:20
Odaily Planet Daily News: The UK and US governments have issued a joint position on stablecoins through the Transatlantic Working Group on Future Markets, supporting coordinated rules on reserves, redemption, market access, and cross-border usage.
The two governments stated that if properly regulated, stablecoins could improve payments, settlement, and financial market infrastructure, and support the development of private digital currencies under public sector supervision.
The UK and US indicated that stablecoins used as a medium of exchange should be fully backed by high-quality liquid assets at a minimum 1:1 ratio, with reserve assets segregated from the issuer's own funds, and should provide standards for custody, redemption, and legal rights disclosure for holders.
The two countries also stated they will explore pathways for stablecoins issued in one country to access the market of the other, and support fair, risk-based access to financial services and market entry for legitimate, regulated stablecoin and digital asset providers.
The two governments stated that if properly regulated, stablecoins could improve payments, settlement, and financial market infrastructure, and support the development of private digital currencies under public sector supervision.
The UK and US indicated that stablecoins used as a medium of exchange should be fully backed by high-quality liquid assets at a minimum 1:1 ratio, with reserve assets segregated from the issuer's own funds, and should provide standards for custody, redemption, and legal rights disclosure for holders.
The two countries also stated they will explore pathways for stablecoins issued in one country to access the market of the other, and support fair, risk-based access to financial services and market entry for legitimate, regulated stablecoin and digital asset providers.
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