After the passage of the GENIUS Act, the stablecoin market experienced a massive spike in market capitalization of $9.11 billion in 23 days. Among them:
Ethena Labs' USDe led growth, adding $4.19 billion, driven by increased revenue opportunities from Aave/Pendle protocol integration.
Tether's USDT rose $3.71 billion to maintain dominance, while SkyEcosystem's USDS rose $1.30 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 growing institutional interest in the stablecoin ecosystem.
After the introduction of the GENIUS Act, the stablecoin market grew by 9.11 billion USD
2025-08-09 21:16:06
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