Circle just crashed 20% in a single day. At the same time, Tether hired a Big Four auditor for the first time ever. A new draft of the Clarity Act would ban yield on stablecoins. That kills USDC's entire value proposition. Meanwhile Tether, which never offered yield anyway, barely gets scratched. $184 billion getting a real audit while its biggest competitor bleeds out. The stablecoin war is getting interesting.(Whale Factor)