Circle Internet Financial, a prominent player in the digital currency landscape, submitted comments to the Financial Stability Board (FSB) on December 15, 2022, advocating for balanced international regulations on crypto-assets and stablecoin issuance to enhance user protection and harness blockchain benefits. Circle supports fully-reserved stablecoins backed by cash and high-quality government debt for systemically important payments stablecoins, arguing they pose fewer risks than other designs. The company also challenges misconceptions about personal wallets, emphasizing their benefits in privacy and financial inclusivity. Circle calls for disaggregation of regulatory responsibilities within "global stablecoin arrangements" and promotes public blockchains for increased user choice and reduced risk of financial concentration. Additionally, Circle advocates for a tiered redemption model for stablecoins to decentralize operational risk and enhance user experience. The company urges the FSB to clarify the definition of "global stablecoin" and stresses the importance of global coordination in regulation, warning against overly restrictive national measures that could stifle stablecoin innovation. Circle's engagement with international regulatory bodies underscores its ongoing commitment to leading the industry toward realizing its full potential.