Crcl stock price plummets 20%, with two reasons:


1. The "Clarity Act" proposal restricts stablecoin yields, prohibiting stablecoin issuers from paying returns to users;
2. Tether, with a scale exceeding 180 billion, hires Big Four audit firms to conduct the first audit of USDT. The gradual legitimization of USDT poses a massive impact on USDC, which has a scale of 78 billion.
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