Circle’s Dante Disparte Provides Evidence to the UK House of Lords on Stablecoin Regulation

Dante Disparte, Circle's Chief Strategy Officer, presented evidence to the UK House of Lords on the potential for stablecoin regulation, advocating for the UK to adopt a world-leading, principles-based framework for digital assets that balances innovation and financial stability. Disparte emphasized the UK's opportunity to create a regulatory regime that is more principled than Europe's MiCA and more aligned with the U.S.'s GENIUS ACT, proposing a distinctly British model that integrates clarity, strong consumer protection, and technology-neutral, outcomes-based regulation. He addressed concerns about stablecoins, arguing that they can effectively reduce friction in global markets and cross-border commerce without undermining existing financial systems. Disparte highlighted the importance of designing a framework that manages risks, promotes transparency, and deters illicit finance, while advocating for a multi-money system where stablecoins and banks can coexist under clear rules. He underscored Circle's role as a leader in digital money, urging the UK to create a credible framework to attract responsible actors and avoid the risks of offshore activities without oversight.