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Joint US-UK Statement: Plans to Apply Stablecoins in Cross-Border Finance
BlockBeats message, July 15: the US and UK released a joint stablecoin statement, saying that, as reflected by the UK and US “Future Markets Transatlantic Joint Working Group,” the governments of the UK and the US are committed to deepening cooperation between the two sides in the capital markets and digital assets fields, ensuring that digital financial innovation strengthens rather than fragments the transatlantic financial market system.
Both governments believe that well-regulated stablecoins have the potential to improve the efficiency and competitiveness of the financial system, achieve modernization of financial market infrastructure, and enhance the experience of cross-border payments and transactions.
The two governments also recognize that, in a financial ecosystem that includes multiple forms of currency, it is crucial to promote competition and innovation, maintain financial stability, protect consumer interests, and preserve public confidence in the monetary system.