The CLARITY Act draft targeting passive yield could seriously reshape how stablecoins compete, especially for USDC where yield has been a key attraction. A near 20% drop in Circle’s stock shows how quickly sentiment shifts when regulation steps in. At the same time, Tether moving toward a full independent audit adds pressure on the transparency front, turning this into both a regulatory and trust battle. The stablecoin landscape feels like it’s entering a new phase #Stablecoins #CLARITYAct #BingX

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