Watcher.Guru and others link Circle’s stock drop to leaked CLARITY Act language limiting stablecoin yield, framing reserve-income pressure as a key equity risk for stablecoin issuers.
JUST IN: USDC stablecoin issuer Circle $CRCL stock crashes 18% today.
$CRCL is down nearly 20% today after a Clarity Act draft reportedly limits stablecoin yield to activity-based rewards, pressuring reserve income.
Crash is caused by a leaked bill, that would ban platforms from giving yield to Stablecoin holders.
Circle price action has nothing to do with Tether getting an audit lol. It's because of the Clarity Act stablecoin yield details.
Circle $CRCL stock crashes 18% today.
Cathie Wood sold $5.9 million worth of $CRCL 4 days before it crashed 16%.
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