Circle and Coinbase collapse as regulators move to ban interest on stablecoins
Shares of stablecoin issuer Circle (CRCL) fell on Tuesday, after a proposed U.S. stablecoin bill raised concerns over yield limits. Shares of the USDC issuer fell as much as 18% in early US trading, ending a week-long rally that saw a gain of more than 100%. Meanwhile, crypto exchange Coinbase (COIN), which shares stablecoin revenue, […]
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