U.S. and UK Coordinate Stablecoin and Tokenization Rules; Report Projects $44B Annual Economic Boost by 2035

According to Cointelegraph, the U.S. Treasury and UK Treasury released cross-Atlantic recommendations today on stablecoin activities and tokenized finance. The departments propose establishing private-sector-led groups to test cross-border tokenization use cases and coordinate regulatory approaches between U.S. financial institutions and the Bank of England. Both countries issued a joint stablecoin statement supporting regulatory coordination and cross-border stablecoin markets, requiring stablecoins to be backed 1:1 by high-quality liquid assets. A UK government-supported industry working group reported that if the UK becomes a leading tokenization jurisdiction and adoption rises domestically, tokenization could add up to $44 billion annually to UK economic output by 2035.
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