The UK and the US are preparing to strengthen cooperation on cryptocurrencies and stablecoins.
According to the Financial Times, UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent met in London to agree on joint steps for regulating digital assets and testing blockchain-based financial services. The meeting was also attended by representatives from Barclays, Bank of America, Circle, Coinbase, Citi, and Ripple.
One of the most notable outcomes is the creation of a joint digital securities sandbox designed to test blockchain applications in financial services. Under regulatory supervision, this framework will allow companies to safely experiment with new products and services. SEC Commissioner Hester Peirce had previously proposed a similar cross-border sandbox initiative.
Stablecoins stand at the heart of this cooperation. Industry representatives recently urged the UK government to ensure stablecoins and tokenization are included in the US-UK Tech Bridge initiative, warning that exclusion could weaken the UK’s global competitiveness. Ripple’s UK and Europe Director, Cassie Craddock, emphasized that the partnership could serve as a blueprint for international standards, adding that the UK’s deep financial infrastructure positions it as a potential leader in digital asset innovation.
