UK-US Joint Statement: Plan to Implement Stablecoin in Cross-Border Finance

BlockBeats News, July 15th. The UK and the US issued a joint statement on stablecoins, expressing their commitment to deepen cooperation in the capital markets and digital asset space. This joint effort, as demonstrated by the UK-US "Future Market Cross-Atlantic Taskforce," aims to ensure that digital financial innovation strengthens rather than fragments the transatlantic financial market system.

Both governments believe that well-regulated stablecoins have the potential to enhance the efficiency and competitiveness of the financial system, modernize financial market infrastructure, and improve cross-border payments and transaction experiences.

At the same time, both governments recognize the importance of promoting competition and innovation, maintaining financial stability, protecting consumer rights, and preserving public confidence in the monetary system within a multi-currency financial ecosystem.