US and UK deepen stablecoin regulatory cooperation

• US and UK officials agreed to deepen cooperation on crypto regulation, with stablecoins forming a key part of discussions.
• The talks follow the US GENIUS Act, which established a federal framework for payment stablecoins.
• Officials are seeking closer regulatory alignment as both countries develop rules for digital assets and cross-border markets.

US and UK officials agreed to deepen crypto regulatory cooperation as both countries develop rules covering stablecoins and digital assets.

The discussions follow the US GENIUS Act, which created federal requirements for payment stablecoin issuers and their reserves.

US Treasury Secretary Scott Bessent said cooperation could help both countries develop clearer approaches to digital asset regulation.

Officials discussed stablecoin oversight, digital asset markets and ways to improve regulatory coordination between the two financial centres.

The talks could shape future cross-border crypto rules, although officials have not announced a shared regulatory framework or implementation timetable.

The UK is developing its own crypto regulatory regime, including rules covering stablecoins, trading platforms and other digital asset businesses.

Stablecoins such as Tether (CRYPTO:USDT) and USD Coin (CRYPTO:USDC) are designed to maintain stable values, usually against the US dollar.