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🚨 Stablecoin Stocks Hit Hard
Shares of Circle plunged 20%, while Coinbase dropped 11%, wiping out ~$5B in value, triggered by CLARITY act.
A new CLARITY Act draft suggests:
⚠️ No interest or yield on dollar-backed tokens
⚠️ Stablecoins treated strictly as payments tools
Stablecoins ≠ bank deposits anymore.
One policy shift just reshaped how markets price the entire sector.