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Circle's Stablecoin Plunges, Tether Audits Boost Rivalry

Published 1 week, 3 days ago
Description

Circles stablecoin, USDC, faces a potential blow as the Clarity Act draft threatens to eliminate passive income from holding stablecoins. Meanwhile, rival Tether gains ground with a full audit of its reserves, potentially challenging USDCs position. Circles stock takes a hit, with some experts calling it an overreaction, but the crypto market remains volatile.

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