Stablecoin rewards restrictions can slow but not stop Circle's USDC, says Citigroup

Stablecoin rewards restrictions can slow but not stop Circle's USDC, says Citigroup

USDC adoption hinges on volume, not circulation, the bank said

Wall Street bank Citi says proposed limits on stablecoin rewards in the latest draft of U.S. market structure legislation would be a setback for Circle (CRCL) but not a fundamental threat to the inve… [+2771 chars]