UK Explores Expansion of Treasury Bill Issuance to Boost Pound Market

According to Foresight News, the UK is contemplating an expansion of its treasury bill issuance program, a move that could enhance the pound currency market and cater to potential new buyers such as stablecoin issuers. The UK's Debt Management Office (DMO) plans to initiate consultations in January to "expand and deepen" the ultra-short-term debt market. Other governments, including the United States, have increasingly relied on treasury bills to meet their financing needs.