Wu Blockchain reports that the UK and US governments have issued a joint statement on stablecoins through the Transatlantic Future Markets Working Group. They expressed their intention to align regulatory frameworks in appropriate areas and support the use of stablecoins for cross-border payments, settlements, and capital markets. Both sides agree that stablecoins used as currency should be fully backed by high-quality liquid assets at a minimum 1:1 ratio. Reserve assets must be segregated from the issuer's own funds, ensuring holders can redeem them promptly. In the event of the issuer's bankruptcy, restructuring, or resolution, holders should have clear, protected, and priority legal claims to the reserve assets over other creditors. https://www.(wublock123.com)/news/uk-us-stablecoin-joint-statement-regulatory-convergence-cross-border-access-64617