🇬🇧 Crypto firms urge the UK to form a national stablecoin strategy to avoid falling behind the US.
The UK must create a national stablecoin strategy to ensure the adoption of tokens and avoid lagging behind the US in disruptive new technology, several major crypto firms said on Wednesday.
In an open letter to Finance Minister Rachel Reeves, 30 industry figures stated that the UK "must act now to avoid being a follower rather than a leader in the era of digital assets."
"To ensure that the UK is at the forefront, we believe a proactive, coordinated national strategy is needed - one that positions stablecoins not as a risk to be contained, but as a financial infrastructure to be responsibly embraced," the letter said.