UK and US Release Joint Stablecoin Position Supporting 1:1 Reserve Backing and Cross-Border Market Access

According to Odaily, the UK and US governments released a joint stablecoin position through the Future Markets Transatlantic Working Group on July 15, supporting coordinated rules on reserves, redemption, and market access. Stablecoins used as currency must be fully backed at a 1:1 ratio by high-quality liquid assets, with reserves segregated from issuer funds and holders guaranteed custody, redemption, and legal rights disclosure standards. Both governments expressed support for exploring pathways for stablecoins issued in one country to enter the other's market, and for regulated digital asset providers to access fair, risk-based financial services.
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