CRCL down ~10% but above lows; long-term stablecoin utility damaged by FedNow/real-time payments despite fading short-term legislative hype.

Throwing that money in stable coins would have obviously been good for companies like Circle or Coinbase or whatever and bad for banks.

Uh you could see Circle uh is down about 10%, still up from its lows earlier. I will say I personally still believe that over time the usefulness of stable coins has been damaged by uh, Fed Now and a real-time payments.

I know that sounds like a weird claim, but I I think that's a longer term issue for actual transactional use growth. But in the short term, you know, Bitcoin has actually moved up quite a bit and that's driven up as well as hope for the Clarity Act passing has actually driven up.

Circle or coin or others uh on on enthusiasm that it could pass. That obviously didn't happen.