Circle Shares Fall Most Ever On Latest Stablecoin Rewards Move

Circle Internet Group Inc., the issuer of the USDC stablecoin, fell the most on record on Tuesday, with investors reacting to potential changes to stablecoin regulation that could make the...

By Emily Mason, Monique Mulima, Lydia Beyoud · Bloomberg Markets

Circle Internet Group Inc., the issuer of the USDC stablecoin, fell the most on record on Tuesday, with investors reacting to potential changes to stablecoin regulation that could make the firm’s cryptocurrency less attractive to large holders. Concerns that a competitor is readying a move into the US market also hurt Circle’s share price.