Clarity Act deadlock fails to stop Stablecoins smashing $320B and yield-bearing tokens surging
USDT and USDC dominate liquidity while Ethereum and Tron carry most volume, but the CLARITY Act bill’s timing is slipping fast.
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USDT and USDC dominate liquidity while Ethereum and Tron carry most volume, but the CLARITY Act bill’s timing is slipping fast.
Oluwapelumi Adejumo 9 min read
Tether just challenged Circle’s USDC grip on Solana by rescuing Drift Protocol and forcing a new USDT standard.
Nomura’s latest survey suggests Japanese institutions trust stablecoins issued by major financial institutions most, a potential hurdle for RLUSD even in a market where XRP has long enjoyed unusual traction.
A rare multi agency barrage is meant to force a Senate Banking markup after the bill sat untouched for months.
Consumers may not see the shift yet, but the fight over how money moves is already underway.
Polymarket’s new token may not cut USDC demand, but it could make that demand harder to see and easier to misread.
Circle can freeze USDC fast, but critics say recent cases exposed uneven review standards and growing operational risk.
The Drift exploit exposes a growing contradiction in how stablecoin issuers enforce control during crises.
The proposal leaves states with a narrow lane while pushing large stablecoin issuers toward federal control.