US and UK set common stablecoin rules, opening a clearer cross-border lane for crypto issuers

The United States (US) and the United Kingdom (UK) are making progress on the regulation of stablecoins, marking attempts to facilitate stablecoin issuance and transfers across borders and still achieving consumer protection in the process. On July 14, the US Treasury and the UK’s HM Treasury made a joint statement regarding stablecoins, together with recommendations...