Svmuu News: The U.S. Department of the Treasury and the U.K. Treasury have released recommendations from the Transatlantic Future Markets Working Group regarding stablecoin activities and tokenized finance. Both sides recommend that relevant agencies consider establishing a private-sector-led group to test cross-border use cases for tokenized assets, and that U.S. financial institutions and the Bank of England identify a common approach to regulating tokenized assets. The U.S. and the U.K. also issued a joint statement on stablecoins, stating that both sides intend to promote regulatory coordination and establish a dynamic cross-border stablecoin market, and noting that stablecoins should be fully backed by high-quality liquid assets at a ratio of at least 1:1. Additionally, according to a report by a UK government-backed industry working group, if the UK becomes a leading jurisdiction for tokenization, tokenization expands globally, and domestic adoption in the UK increases, tokenization could add up to $44 billion to the UK’s annual economic output by 2035. (Cointelegraph).