US and UK align on stablecoin regulations

US and UK align stablecoin regulations, enabling cross-border use, innovation, and financial stability through reserve requirements and regulatory cooperation.

The United States and the United Kingdom have unveiled a joint vision for regulating stablecoins and digital assets, aiming to foster greater cooperation in cross-border payments, capital markets, and tokenized finance. Through the Transatlantic Future Markets Working Group, both governments released a roadmap and recommendations to align regulatory frameworks, highlighting stablecoins as key drivers of digital money innovation. The plan outlines one-to-one reserve requirements, asset segregation, and clear redemption rights. It also proposes reciprocal access for approved stablecoins in each jurisdiction, provided local laws are followed. Public-private collaboration is encouraged to reduce regulatory friction and promote innovation. The initiative seeks to enhance financial stability, protect consumers, and prevent barriers to cross-border competition. Support for the coexistence of various digital money forms, including tokenized bank deposits, is also emphasized.