Woofun AI reports that the U.S. Department of the Treasury and HM Treasury have published recommendations from the Transatlantic Future Markets Working Group regarding stablecoins and tokenized finance. The proposals urge relevant agencies to establish private sector-led groups for testing cross-border tokenized asset use cases and call for U.S. financial institutions to collaborate with the Bank of England on a unified regulatory framework.

The joint statement on stablecoins emphasizes regulatory coordination and the development of dynamic cross-border markets, mandating that stablecoins maintain full backing by high-quality liquid assets at a minimum 1:1 ratio.

Furthermore, an industry working group supported by the UK government estimates that if the UK becomes a leading tokenization jurisdiction with expanded global reach and domestic adoption, the sector could add up to $44 billion to the UK's annual economic output by 2035.