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Bernstein: Clarity Act yield compromise locks in Circle's float income edge as stablecoin supply hits records!
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Bernstein: Clarity Act yield compromise locks in Circle's float income edge as stablecoin supply hits records!

structural winner. Rather than competing on yield passed to holders, issuers will now compete on trust, compliance…settlement flows where USDC already commands 99% of x402 protocol settlements. Annualized transaction volumes on that rails

TheBlock