UK and US release joint stablecoin statement
15 July 2026 US, UK
Image: Martin_Bergsma/stock.adobe.com
The UK and US governments have shared a combined statement on stablecoins, with the joint Transatlantic Taskforce for Markets of the Future, formed in September 2025, demonstrating their commitment to deepening collaboration on capital markets and digital assets.
According to the statement, both governments view well-regulated stablecoins as having the potential to promote efficiency and competition in their respective financial systems, modernise financial market infrastructure, and improve cross-border payments and transactions.
They collectively emphasise the importance of promoting competition and innovation, protecting financial stability, safeguarding consumers, and maintaining public confidence in money in a financial ecosystem that includes multiple forms of currency.
Additionally, the US and UK governments affirm stablecoins as being a significant vehicle for innovation in digital money, and they intend to foster competition and innovation through facilitative policies that allow the coexistence and circulation of multiple forms of digital money.
Both the public and private sectors will play key roles in the provision of money and payments, along with the modernisation of regulatory and supervisory policy.
Moreover, there is a shared objective to enable the adoption of well-regulated private digital money, such as stablecoins and tokenised deposits.
Eligible stablecoin reserves should encompass a “variety of high-quality, liquid assets”, with clear definitions in each nation’s respective regulatory framework.
Reserve, liquidity, and other prudential requirements should seek to mitigate risks and avoid needless fragmentation.
High standards are also intended to be set for the custody, segregation, and protection of stablecoin reserves.
Furthermore, the UK and US authorities say they are committed to advancing regulatory approaches that promote both innovation and resilience without constraints that undermine commercial viability, create barriers to entry, or hinder competition.
Both governments have expressed support for clarity, predictability, and cross-border coordination in the event of any potential failure of a stablecoin issuer — such as insolvency or bankruptcy — aiming to create a framework that provides a legal claim on reserves, with priority ahead of other creditors.
They have affirmed the value of formal mechanisms that enable cross-border stablecoin activity as a feature of domestic regulatory and supervisory regimes, subject to regional legal processes.
Lastly, the UK and US have outlined their intentions to explore a clear pathway for stablecoins issued in one jurisdiction to be accessible in the market of the other.
According to the statement, both governments view well-regulated stablecoins as having the potential to promote efficiency and competition in their respective financial systems, modernise financial market infrastructure, and improve cross-border payments and transactions.
They collectively emphasise the importance of promoting competition and innovation, protecting financial stability, safeguarding consumers, and maintaining public confidence in money in a financial ecosystem that includes multiple forms of currency.
Additionally, the US and UK governments affirm stablecoins as being a significant vehicle for innovation in digital money, and they intend to foster competition and innovation through facilitative policies that allow the coexistence and circulation of multiple forms of digital money.
Both the public and private sectors will play key roles in the provision of money and payments, along with the modernisation of regulatory and supervisory policy.
Moreover, there is a shared objective to enable the adoption of well-regulated private digital money, such as stablecoins and tokenised deposits.
Eligible stablecoin reserves should encompass a “variety of high-quality, liquid assets”, with clear definitions in each nation’s respective regulatory framework.
Reserve, liquidity, and other prudential requirements should seek to mitigate risks and avoid needless fragmentation.
High standards are also intended to be set for the custody, segregation, and protection of stablecoin reserves.
Furthermore, the UK and US authorities say they are committed to advancing regulatory approaches that promote both innovation and resilience without constraints that undermine commercial viability, create barriers to entry, or hinder competition.
Both governments have expressed support for clarity, predictability, and cross-border coordination in the event of any potential failure of a stablecoin issuer — such as insolvency or bankruptcy — aiming to create a framework that provides a legal claim on reserves, with priority ahead of other creditors.
They have affirmed the value of formal mechanisms that enable cross-border stablecoin activity as a feature of domestic regulatory and supervisory regimes, subject to regional legal processes.
Lastly, the UK and US have outlined their intentions to explore a clear pathway for stablecoins issued in one jurisdiction to be accessible in the market of the other.
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