
Circle's Stablecoin Plunges, Tether Audits Boost Rivalry
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
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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