Circle shares dropped nearly 20 percent after a draft of the bipartisan CLARITY Act proposed banning interest-like rewards on stablecoin balances such as USDC, a key part of Circle’s revenue model. Coinbase also fell around 10 percent as investors reacted to concerns over future earnings tied to stablecoin products. Although activity-based rewards would still be allowed, markets fear the move could reduce USDC’s appeal. Some investors remain optimistic as institutional buying continues during the decline.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Kraken has teamed up with MoneyGram to let users cash out crypto at nearly 500,000…
The crypto layoffs wave isn’t slowing down it’s accelerating in 2026, and this time it’s…
The crypto industry has long treated 2030 as the planning horizon for quantum readiness. Ayo…
After months of stalling, the Clarity Act is finally moving. Senators Thom Tillis and Angela…
LINK price rose nearly 6% after AWScloud partnership announcement, as this time it was an…
One of DeFi’s biggest platforms, Aave, is now facing a major legal battle over $71…
