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Wu said that the UK House of Lords Financial Services Regulatory Committee announced the launch of a new investigation into the growth of UK stablecoins and proposed regulations. The investigation aims to gather evidence on the development of the global and UK stablecoin markets (especially GBP stablecoins), the opportunities and risks to the UK economy and financial services (including monetary policy, financial crime, etc.), and the impact of the Bank of England and FCA's proposed regulatory framework. The deadline for written submissions is March 11, 2026.