Coinbase Calls for US and UK to Create Transatlantic Stablecoin Corridor

Coinbase officially issued a statement calling for a stronger US-UK partnership for future markets. The company stated that the two countries should focus on: 1. Tokenizing traditional financial assets: Collaboration should focus on enabling tokenization so that UK and US stocks can be issued and distributed across both jurisdictions. 2. Achieving stablecoin leadership: The US and UK should work to establish a transatlantic stablecoin corridor, allowing stablecoins to be used in wholesale markets (for tokenization) and transatlantic trade payments, and allowing the use of both British pound and US dollar stablecoins. 3. Mutual recognition of regulatory regimes: The US and UK should align their regulatory approaches to promote best practices in crypto asset regulation domestically and internationally, and pursue mutual recognition so that well-regulated crypto asset firms do not face duplicative or conflicting requirements when providing services to customers in each country.