Circle's USDC faces its most volatile day on record after a proposed law emerged that could limit the yield generated by stablecoins, undermining a key attraction for investors. The news triggered sharp market reactions across crypto assets.
- Circle hit its worst day on record
- Proposed law threatens stablecoin yield
- USDC is central to the concern
- ETH and BTC affected by market volatility
- Yield on stablecoins is a key investor incentive
- Regulatory risk impacts crypto market stability
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