UK Considers Expanding Treasury Bill Program to Draw Stablecoin Issuers and Broaden Investor Base

The UK government is considering expanding Treasury bill issuance through its Debt Management Office to diversify short-term debt investors and strengthen sterling markets. The move responds to rising demand from new participants, including stablecoin issuers seeking liquid, low-risk assets. A consultation on expanding the ultra-short-dated debt market will begin in January.