📉 Crypto Stocks Slide Amid Tether’s Bold U.S. Entry Plans

Several U.S.-listed crypto-related stocks faced red during the latest trading session, signaling market jitters as competition heats up:

🔻 Circle (CRCL.US) tumbled 4.7%+, shortly after Tether’s CEO, Paolo Ardoino, revealed that Tether is gearing up to operate in the U.S. market—potentially challenging Circle’s USDC dominance.

🔻 MARA Holdings (MARA.US) slipped 0.85%

🔻 IREN Ltd (IREN.US) dropped 2.5%+

🔻 MicroStrategy (MSTR.US) edged down nearly 1%

These declines reflect investor caution amid increasing regulatory scrutiny, market saturation, and Tether’s aggressive push into U.S. territory.

💼 As stablecoin giants square off and macro uncertainty lingers, crypto equities may remain volatile in the sessions ahead.