Circle Stock Dives as Rival Tether Secures Big Four Audit, Crypto Bill Threatens Stablecoin Yield

In brief

• Circle’s CRCL shares dropped 20% on Tuesday following a recent surge in value for the firm’s stock.
• Stablecoin giant Tether announced a long-awaited agreement for an audit from a “Big Four” accounting firm.
• Lawmakers are reviewing compromise language to the Clarity Act market structure…