Coinbase, Circle stocks tumble as stablecoin rewards receive no 'clarity'

Key takeaways Crypto stocks fall as new stablecoin draft tightens reward rules Coinbase and Circle hit hardest due to USDC exposure Debate over stablecoin yield highlights regulatory uncertainty Popular crypto stocks tumbled on March 24 as reports of a revised US stablecoin bill triggered a sharp sell-off. The decline comes as lawmakers, crypto firms, and banking executives continue negotiations around a new regulatory framework, with meetings held from March 23 to March 24 to finalize a stablecoin ...