Total stablecoin market capitalization has stalled since the passage of the GENIUS Act, growing only $40 billion over 15 months and declining year-over-year since October 2025. The stagnation raises questions about whether stablecoins can fulfill expectations as a rescue mechanism for the broader UST market. Analysts warn that significantly larger inflows would be required for stablecoins to meaningfully stabilize or revive distressed segments of the crypto market, with the current growth trajectory falling well short of what would be needed.