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flag Circle stock fell over 20% due to fears a proposed U.S. Clarity Act could ban stablecoin interest payments.

flag Circle Internet Group's stock plummeted over 20% after reports surfaced that the proposed U.S. flag Clarity Act could ban interest payments on stablecoins like USDC. flag The legislation would restrict exchanges from offering yield on holdings, potentially reducing the asset's appeal compared to traditional banking and raising concerns about the company's profitability.

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