The "GENIUS Act" has propelled the market capitalization of stablecoins to soar by 9.1 billion USD in 23 days, with USDe leading the rise.

2025-08-09 21:40:19

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According to reports, after the passage of the GENIUS Act, the stablecoin market experienced a significant surge in market capitalization of $9.11 billion within 23 days. Among them:

Ethena Labs' USDe leads growth with an increase of $4.19 billion, thanks to the integration of certain protocols that have increased yield opportunities.
Tether's USDT increased by $3.71 billion, maintaining its dominance, while SkyEcosystem's USDS rose by $1.3 billion, highlighting the diversified adoption of stablecoins.
New entrants such as PayPal's PYUSD (146 million USD) and Ripple's RLUSD (102 million USD) indicate an increasing interest from institutions in the stablecoin ecosystem.

USDE-0.01%

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