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The Genius Act, signed by President Trump, has added $9.11B to the stablecoin market in simply 23 days.
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Yield-bearing stablecoins like USDe are driving a lot of the progress regardless of US restrictions
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Analysts predict the stablecoin market might hit $300B by year-end as company curiosity rises.
The GENIUS Act has sparked a giant enhance within the stablecoin market.
On July 18th, US President Donald Trump signed the GENIUS Act into legislation, marking a giant step to make stablecoins official monetary merchandise. Backed by sturdy bipartisan assist, the laws units clear guidelines for the business, together with a requirement that each one stablecoins should be totally backed by liquid reserves.
The influence was nearly instant.
Information from CoinMarketCap exhibits the stablecoin market, now valued at round $276 billion, has grown by $9.11 billion in simply 23 days because the Act handed. This speedy rise exhibits how a transparent and favorable regulatory framework can enhance each adoption and innovation within the crypto area.
For the reason that GENIUS Act handed, the full stablecoin market cap grew $9.11B in 23 days 🤯
The largest features are coming from the highest 5 gamers!
Try who’s main the cost 📊:
1️⃣ @ethena_labs USDe: The mixing of PT-USDe with @aave and @pendle_fi has fueled its $4.19B… pic.twitter.com/wy24KigHuJ— CoinMarketCap (@CoinMarketCap) August 8, 2025
Yield-bearing Cash Lead The Progress
The largest features within the stablecoin market are coming from 5 gamers.
Main the pack is Ethena’s USDe, which has surged by $4.19 billion. This speedy progress is basically as a consequence of its integration with widespread platforms like Aave and Pendle. Since July 18, USDe’s circulating provide has surged 70%, boosting its market cap to the third-largest amongst all stablecoins. USDe is presently buying and selling at $1, with a circulating provide of $9.7 billion.
Shocking winners in a post-GENIUS period – yield bearing stablecoin provide up a TON regardless of GENIUS disallowing them within the US@ethena_labs’s USDe alone added 2.7B in provide since GENIUS (Jul 18) pic.twitter.com/vDfBKe4fk3
— Anthony Yim (@anthonyyim) August 4, 2025
Notably, USDe alone has added $2.7 billion in provide because the GENIUS Act was handed. Anthony Yim, co-founder of Artemis, famous that yield-bearing stablecoins are surprisingly booming after the GENIUS Act, though the legislation bans them within the US.
Tether’s USDT and Sky’s USDS Present Robust Beneficial properties
Tether’s USDT follows carefully with a $3.71 billion improve, sustaining its sturdy market presence. USDT has a circulating provide of 164.34 billion tokens, and its 24-hour buying and selling quantity is up over 18%, reaching $118 billion.
Sky’s USDS additionally noticed stable progress, rising by $1.30 billion. Since July 18, USDS’s circulating provide has surged to 7.9 billion tokens.
Paypal and Ripple Be a part of the Rise
PayPal’s PYUSD grew by $146.01 million. Its 24-hour quantity is up 90%, surpassing $32 million, with a circulating provide of 1.02 billion PYUSD.
Ripple’s RLUSD stood fifth because it grew by $102.74 million respectively. Its buying and selling quantity is up over 30% within the final 24 hours, with a circulating provide of 620.74 Million RLUSD.
Julio Moreno, Head of Analysis at CryptoQuant, defined that extra buyers are turning to USDe and USDS as a result of staking rewards present a workaround to the GENIUS Act’s restrictions on curiosity funds, serving to these cash develop quicker.
Stablecoin Market Might Hit $300 Billion
The stablecoin sector has already grown from $205 billion to $276 billion this 12 months. Moreno believes it might attain $300 billion by the top of the 12 months if the pattern continues.
Giant firms together with JPMorgan, Amazon, and Mastercard are exploring plans to launch their very own stablecoins, signaling that the curiosity goes far past the crypto group.
In the meantime, different main crypto payments, such because the CLARITY Act and the Anti-CBDC Surveillance State Act, are additionally progressing by means of Congress, additional strengthening the US place in digital finance.
