The UK and the US support unified rules for stablecoin reserves, redemptions, and market access.

Odaily Planet Daily reports that the UK and US governments, through the Future Markets Transatlantic Working Group, have released a joint position on stablecoins, supporting harmonized rules regarding reserves, redemption, market access, and cross-border use. Both governments stated that properly regulated stablecoins can improve payment, settlement, and financial market infrastructure, and support the development of private digital currencies under public sector oversight. The UK and US stated that stablecoins used as currency should be fully backed by high-quality liquid assets at least 1:1, reserve assets should be segregated from the issuer's own funds, and standards for custody, redemption, and disclosure of legal rights should be provided to holders. The two countries also stated they will explore pathways for stablecoins issued in one country to enter the markets of another, and support fair, risk-based financial services and market access for legitimate, regulated stablecoin and digital asset providers.