[US and UK Treasury Departments Plan to Coordinate Tokenization and Stablecoin Rules, Report Says Tokenization Could Add $44 Billion to UK Annual Economic Output] Odaily Planet Daily News – The US Treasury Department and the UK Treasury Department have released recommendations from the Transatlantic Future Markets Working Group, covering stablecoin activities and tokenized finance. The two parties suggest that relevant institutions consider forming a private sector-led group to test cross-border use cases for tokenized assets and establish a common regulatory approach for tokenized assets through collaboration between US financial institutions and the Bank of England. The US and UK also issued a joint statement on stablecoins, stating that both sides aim to promote regulatory coordination, establish a cross-border dynamic stablecoin market, and emphasize that stablecoins should be fully backed by high-quality liquid assets at a 1:1 ratio at minimum. Additionally, according to a report from an industry working group supported by the UK government, if the UK becomes a leading jurisdiction for tokenization, tokenization expands globally, and domestic adoption rates increase, tokenization could add up to $44 billion to the UK's annual economic output by 2035. (Cointelegraph)