Experts warn US CLARITY Act could push stablecoin yield demand offshore on January 24

On January 24, experts cautioned that proposed US stablecoin yield limits under the CLARITY Act may steer investors toward offshore and synthetic dollar products. USDC traded at $1.00 with a $72,546,653,157 market cap and 24-hour volume of $9,109,397,543, a -27.13% drop. Industry voices argue prohibitions won't strengthen the financial system.