Citigroup: Stablecoin Rewards Limits May Slow USDC Growth

TLDR Citigroup said proposed limits on stablecoin rewards may slow USDC growth but not harm Circle’s core business model. The draft Clarity Act would restrict yield on passive stablecoin balances while allowing activity-based rewards. Analysts stated that Circle earns reserve income from USDC backing assets and does not directly pay yield to holders. Circle generated [...]

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