Circle Internet Financial has responded to the Bank of England's consultation on a potential UK Central Bank Digital Currency (CBDC), advocating for the evaluation of whether a consumer-facing digital pound is necessary, while emphasizing the role of well-regulated, privately issued stablecoins such as USDC and EUROC that already meet digital money needs. Circle suggests that payment stablecoins can facilitate secure, low-cost payments without requiring significant government investment in new financial infrastructure and stresses the importance of a robust regulatory framework for these stablecoins in light of the UK's recent Financial Services and Markets Bill. The company also seeks clarity on the proposed public-private partnership model for digital wallet technologies, expressing concerns about the implications of holding limits on digital pounds and the potential impact on existing commercial bank deposits. Circle encourages the integration of stablecoins within the UK regulatory system to enhance consumer and merchant payments and maintain a separation between central banking and financial service provision.