“A new US rule wiped $5B off Circle — but it may hurt Coinbase more | Nova Global News” — what this page in the network covers. Circle, the issuer of USD Coin (USDC) stablecoin, saw its stock plunge 20% this week, erasing $5 billion in market capitalization in its steepest intraday... Circle, the issuer of USD Coin (USDC) stablecoin, saw its stock plunge 20% this week, erasing $5 billion in market capitalization in its steepest intraday drop since going public. The sell-off happened on the same day Tether announced it had secured a ‘Big Four' accounting firm to undertake a
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