Svmuu News: In a joint statement issued by the U.S. and U.K. governments as part of the Transatlantic Financial Markets Working Group, the two sides announced plans to explore the use of stablecoins in cross-border finance to modernize financial infrastructure. The two governments stated that regulated stablecoins have the potential to enhance the efficiency and competitiveness of the financial system, drive upgrades to financial market infrastructure, and improve the efficiency of cross-border payments and transactions.