The UK Cross-Party Parliamentary Group recently wrote to Chancellor Rachel Reeves, urging the government to adjust the current stablecoin regulatory draft to avoid stifling innovation and preventing capital outflows. The letter was co-signed by several prominent MPs and nobles, including Sir Gavin Williamson, Viscount Camrose, and Baroness Wilma, directly pointing out that the Bank of England's current regulatory proposal is "potentially overly restrictive." The MPs emphasized that stablecoins have become an important infrastructure in the digital economy, playing an increasingly critical role in the global financial system. In 2024, stablecoin trading volume reached $27.6 trillion, surpassing the total volume of Visa and Mastercard transactions, and is expected to break through $100 trillion before 2030. They believe stablecoins are reshaping the way payments, settlements, and cross-border finance operate, and are also the core driving force for future financial inclusion and efficiency improvements.