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The US and the UK plan to explore stablecoin applications in cross-border finance

MeNews
ME News: On July 15 (UTC+8), the U.S. and U.K. governments said in a joint statement from the Transatlantic Working Group on Financial Markets that they plan to explore the use of stablecoins in cross-border finance to drive the modernization of financial infrastructure. The two governments said that regulated stablecoins have the potential to improve the efficiency and competitiveness of the financial system, promote upgrades to financial market infrastructure, and enhance cross-border payments and transaction efficiency. (Source: ODAILY)
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