TechFlame News — The UK and US governments have released a joint stance on stablecoins through the Future Markets Transatlantic Working Group, supporting coordinated rules on reserves, redemption, market access, and cross-border use. The two governments stated that if properly regulated, stablecoins could improve payment, settlement, and financial market infrastructure, while supporting the development of private digital currencies under public sector oversight. The UK and US indicated that stablecoins used as money should be fully backed at least on a 1:1 basis by high-quality liquid assets. Reserve assets should be segregated from issuer funds, with clear standards for custody, redemption, and legal rights disclosures for holders. The two countries also said they would explore pathways for stablecoins issued in one country to enter the other's market, and support legitimate, regulated stablecoin and digital asset providers in obtaining fair, risk-based access to financial services and markets.