Transatlantic Crypto Pact Puts Stablecoins at the Center of Global Finance
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Talks between UK Chancellor Rachel Reeves and U.S. Treasury Secretary Scott Bessent have put stablecoins at the center of transatlantic financial cooperation. The meeting, held in London earlier this week, gathered major crypto firms including Coinbase, Ripple, and Circle, alongside banking giants such as Citi and Barclays. The discussions were fast-tracked in response to industry pressure urging the UK government to address digital assets ahead of President Donald Trump’s visit. The alliance seeks to harmonize regulatory regimes and to make the capital markets on the two sides of the Atlantic competitive. In the case of the UK, this is a timely move as concerns arise that additional companies might transfer their listings to the U.S. exchanges, where they are likely to achieve higher valuations. To stay informed about the latest news in the crypto industry, find credible news and information about events in the whole crypto industry here. You can follow all the breaking regulatory changes and market predictions to the latest projects that are defining the new wave of adoption. A coordinated approach is being viewed as a way to prevent market outflows while attracting American investment. Stablecoins, in particular, are seen as a foundation for payments and settlements, and both governments appear determined to establish a unified stance on their oversight. Industry observers note that the U.S. has already taken bold steps under Trump’s administration, signaling strong support for digital assets. By contrast, UK regulators have been slower and more cautious. Without alignment, crypto firms in London could face structural disadvantages against their American competitors. Officials say that harmonizing stablecoin rules could create a level playing field while also setting the stage for broader collaboration in digital securities. As part of the talks, a joint sandbox for blockchain innovation is under consideration. This framework would allow companies to…
