UK and US Issue Joint Statement on Stablecoins, Promoting Cross-Border Regulatory Coordination

The core content of the statement includes: both countries recognize stablecoins as an important carrier of digital currency innovation and support their application in cross-border payments, settlement, and tokenized financial markets; stablecoins must be backed by sufficient reserves of high-quality liquid assets at a minimum ratio of 1:1, and reserve assets must be strictly segregated from the issuer's own funds; both countries will provide timely, clear, and consistent legal pathways for stablecoin regulation, avoiding setting disproportionate reserve requirements or market access barriers.