[UK and US Support Unified Rules for Stablecoin Reserves, Redemption, and Market Access] Odaily Planet Daily News – The UK and US governments, through the Future Markets Transatlantic Taskforce, have issued a joint position on stablecoins, supporting coordinated rules regarding reserves, redemption, market access, and cross-border usage. The two governments stated that, if properly regulated, stablecoins could enhance payment systems, settlement processes, and financial market infrastructure, while also supporting the development of private digital currencies under public sector oversight. The UK and US emphasized that stablecoins used as currency should be fully backed by high-quality liquid assets at a minimum 1:1 ratio. Reserve assets should be segregated from the issuer's own funds and meet custody, redemption, and legal rights disclosure standards for holders. Additionally, the two governments expressed their intent to explore pathways for stablecoins issued in one country to enter the market of another. They also support fair, risk-based access to financial services and market entry for legitimate, regulated stablecoin and digital asset providers.