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Circle Plummets 15% as BIS Sounds Alarm on Stablecoin Dangers—Stock Mania Fizzles
Circle Plummets 15% as BIS Sounds Alarm on Stablecoin Dangers—Stock Mania Fizzles
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Stablecoin giant Circle takes a nosedive as regulators sharpen their knives.
The Bank for International Settlements (BIS) drops a truth bomb on 'stable' coins—just as retail investors start losing their appetite for risk.
Meanwhile, the stock market's sugar rush wears off. Turns out free money isn't actually free—who knew?
Another day, another crypto 'black swan' event that somehow surprises the suits in traditional finance. Maybe they'll finally read the whitepaper this time.
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