Oh man, the sky is falling‼️

Congress is about to take action this time.
Circle dropped 20% in a day, completely crashed.
Coinbase also dropped 8 points.
This isn't a company problem at all,
The new bill from Congress directly prevents stablecoin platforms from paying you interest.
Before, you could just put USDC in your account,
and earn yield without doing anything,
but this path might not work in the future.
Circle's essence is issuing USDC,
taking everyone's money to buy US Treasury bonds to earn interest,
then distributing to Coinbase and returning to users,
attracting massive capital through high yields.
Circle previously more than doubled in price,
everyone was chasing the highs like crazy,
then regulation threw cold water on it,
everyone's running, stock price completely collapsed.
Stablecoin regulation is the biggest issue this year,
if they really ban yield-bearing coins,
there's basically no chance of making passive income off stablecoins in the future,
the entire ecosystem's playbook will change.
It's necessary to choose other financial products and platforms
like @TermMaxFi and some mainstream exchanges!