The cross-party parliamentary alliance in the UK 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, Lord Camrose, and Baroness Wilma, directly criticizing the Bank of England's current regulatory proposal as "potentially overly restrictive." The MPs emphasized that stablecoins have become an important infrastructure of the digital economy, playing an increasingly critical role in the global financial system. In 2024, stablecoin trading volume reached .6 trillion, surpassing the total transaction volume of Visa and Mastercard, and is expected to break through trillion before 2030. They believe stablecoins are reshaping the way payments, settlements, and cross-border finance operate, and are also the core drivers of future financial inclusion and efficiency improvements.