US and UK unveil joint stablecoin regulatory roadmap

The United States Treasury and the United Kingdom Treasury released a joint 10‑point roadmap intended to align regulation of stablecoins and tokenised assets. The non‑binding recommendations call for stablecoins used as money to be backed one‑to‑one by high‑quality liquid assets, require segregation of reserves from issuer funds and give holders a protected claim in insolvency. They also call for exploring a clear pathway for regulated stablecoins to access each other's markets, reducing cross‑border friction and supporting payments, settlement and capital‑market transactions.

The roadmap is part of the Transatlantic Taskforce for Markets of the Future, created in September 2025, and mirrors elements of the US GENIUS Act and the UK’s forthcoming stablecoin regime slated for 2027. A private‑sector group will test cross‑border tokenisation use cases over the next year, while regulators aim for coordinated approaches to tokenised securities and collateral.

The announcement comes as the US CLARITY Act, which would formalise stablecoin rules, faces intense Senate debate and pressure from banking trade groups concerned about yield provisions that could trigger deposit flight. The joint statement emphasises stablecoins as a vehicle for innovation in digital money and cross‑border finance.