CMB Stock News Of The Day 📰🗞️🗞️📈📉

“Crypto Shockwave: Circle Stock Crashes as Lawmakers Eye Stablecoin Yield Ban” 🚨🚨🚨

Shares of Circle plunged sharply after reports surfaced that U.S. lawmakers are considering a proposal to ban platforms—like exchanges and brokers—from offering yield payments on stablecoins. The news sent Circle’s stock tumbling more than 18%, while Coinbase also dropped over 10% due to its close ties and minority stake in the USDC issuer.

The potential crackdown could reshape the stablecoin market, where yield incentives have been a major driver of user adoption and liquidity.

Meanwhile, rival Tether made a strategic move to boost transparency, announcing it has engaged a “Big Four” accounting firm to conduct its first-ever full independent audit—an effort to address long-standing concerns about whether USDT is fully backed.

Currently, USDC’s circulating supply stands at $81 billion—less than half of Tether’s dominant $184.2 billion—highlighting the competitive gap in the stablecoin space.

As regulators tighten their grip, the future of yield-bearing stablecoins—and the broader crypto ecosystem—may be entering a new phase.