Circle Internet Financial is advocating for clear statutory frameworks for stablecoins within the UK's Financial Services & Markets Bill (FSMB), urging the UK Parliament's Public Bill Committee to carefully consider provisions related to digital settlement assets, stablecoins, and their issuers. Circle supports the UK Government's intention to make the country a global hub for digital assets and financial innovation, emphasizing the importance of not stifling the digital assets industry but instead fostering growth and investment. Circle recommends a supervisory approach involving both the Bank of England and the Financial Conduct Authority (FCA) with a prudential model similar to that applied to e-money institutions. They caution against transaction limits for stablecoin issuers, which could hinder products like USDC and EUROC, highlighting the need to balance regulation with the utility and function of digital financial products.