The US and UK have released a joint statement from their Transatlantic Future Markets Taskforce, emphasizing the potential of regulated stablecoins to enhance financial system efficiency and competitiveness. Established last year, the taskforce aims to deepen bilateral cooperation and reduce market fragmentation. The statement calls for the Bank of England, UK's FCA, and US regulators CFTC and SEC to develop approaches for handling tokenized assets and explore options to facilitate cross-border financing. It also supports competition and innovation in stablecoins and tokenized deposits, highlighting standards for custody, reserve segregation, and consumer protection, while ensuring clear legal claims for stablecoin holders in bankruptcy scenarios. This announcement coincides with the first anniversary of the US GENIUS Act, with Federal Reserve Chair Kevin Warsh indicating that related rules are expected by July 18.