How Bernstein Reads The USDC Yield Ban As A Potential Win For Circle
Circle (USDC) shares fell about 20% on Tuesday - their steepest single-day loss since the company's June 2025 IPO - after a draft of the U.S. Clarity Act circulated proposing a ban on passive stablecoin yield, threatening a key incentive for holding USDC. The stock partially recovered Wednesday, tra