Trump’s Iran flip triggered ~$400M in liquidations, as NYSE and Nasdaq raced into tokenization, the CLARITY stablecoin bill drew backlash, and CoinDCX founders were arrested then bailed in 72 hours.
USDC will serve as the main settlement and collateral asset on Pharos, with CCTP enabling direct cross-chain transfers, while a $10 million incubator supports early DeFi ecosystem growth.
A sharp intraday sell-off in Circle shares follows reports of U.S. lawmakers considering restrictions on yield-bearing stablecoins, a key pillar of the company’s business model.