circle targets - Circle stock crashes 22% as U.S. bill targets stablecoin rewards
Circle (CRCL) sank about 22%, its worst drop since June 2025, after a tougher CLARITY Act draft threatened to ban stablecoin yield, clashing with booming USDC growth.Summary
- Circle Internet Group (CRCL) stock is trading around $98.71, down about 22% on the day and roughly 18% below Monday’s close, its steepest slide since June 2025.
- The sell-off follows reports that the latest draft of the U.S. CLARITY Act would sharply limit or ban yield and rewards on stablecoins