UK and U.S. treasuries released a joint 10-point regulatory roadmap for stablecoins and tokenized assets, requiring 1:1 backing and cross-border market access.
DeFi & Yields ·
The U.S. Department of the Treasury and HM Treasury issued a joint set of recommendations through the Transatlantic Taskforce for the Markets of the Future, establishing alignment on digital assets oversight. The guidance stipulates that stablecoins must maintain full backing on at least a one-to-one basis with high-quality liquid assets and calls for comparable regulatory outcomes across both jurisdictions to support a cross-border stablecoin market while preserving financial stability and competition. The announcement aligns with the GENIUS Act, signed into U.S. law last year and set to take effect in January 2027.
The roadmap includes recommendations for a private-sector-led testing initiative on tokenized asset cross-border use cases and directs financial authorities in both countries to develop shared regulatory approaches. Both governments committed to tailoring requirements that seek comparable outcomes for comparable risks without creating market distortions between jurisdictions.
The timing follows a government-backed report projecting the U.K. could add up to $44 billion annually to economic output by 2035 if it becomes a leading tokenization hub and scaling occurs globally. The specifics of how stablecoins issued in each jurisdiction will gain access to the other market remain to be detailed as implementation progresses.