Clarity Act deadlock fails to stop Stablecoins smashing past $320B and yield-bearing tokens surge past market

Stablecoin supply climbed to a record $320 billion this week, extending the continued surge in dollar-linked digital assets. This comes as one of the biggest questions hanging over the sector remains unresolved in Washington: whether the income generated by the reserves backing those tokens should stay with issuers or be shared with users. Nonetheless, the new peak underlines how far stablecoins have moved from their…