The GENIUS Act, signed into law by President Donald Trump on July 18, has catalyzed a significant $18 billion growth in the stablecoin market within a month. This legislation establishes a federal framework for stablecoin regulation in the U.S., resulting in the global stablecoin supply increasing from $260 billion to over $278 billion by August 21. The Act requires payment stablecoins to be backed by low-risk assets and introduces a tiered oversight regime.
Tether's USDT and Ethena's USDE have notably benefited, with USDT alone adding over $7 billion to its supply. The Act has received commendation from industry leaders, including Circle's CEO Jeremy Allaire, and is anticipated to further stimulate growth in the stablecoin sector.
GENIUS Act Fuels $18 Billion Surge in Stablecoin Market
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