Coinbase calls for the establishment of a transatlantic stablecoin corridor between the US and the UK

ChainCatcher message, Coinbase's official statement calls for strengthening the future market partnership between the US and the UK. The company stated that the two countries should focus on:

1. Tokenizing traditional financial assets: Collaboration should focus on achieving tokenization so that UK and US stocks can be issued and distributed across both jurisdictions.

2. Establishing stablecoin leadership: The US and the UK should work towards creating a transatlantic stablecoin corridor that allows stablecoins to be used in wholesale markets (for tokenization) and in transatlantic trade payments, and permits the use of GBP and USD stablecoins.

3. Mutual recognition of regulatory frameworks: The US and the UK should maintain consistency in regulatory approaches to promote best practices in crypto asset regulation both domestically and internationally, and pursue mutual recognition so that well-regulated crypto asset companies do not face duplicative or conflicting requirements when serving customers in each country.