The US GENIUS Stablecoin Bill Passed, and the Stablecoin Sector Explodes!
After the stablecoin bill was enacted, a large number of retail investors have accelerated their entry into the stablecoin sector, making related tokens the focus of capital pursuit.
The GHO issued by 46490960759 has become the leader in this round of market trends, with its price soaring from $170 to $268, a monthly increase of over 58%. On the weekly level, it has broken through the main upward channel, with the upper resistance level pointing to $320. AAVE's combination of DeFi lending and stablecoin gameplay has opened up new growth space for it.
$ENA : A controversial project with its own stablecoin business, labeled as a survivor in this round of Ponzi structures, its model's sustainability remains questionable.
USUAL: Previously caused a trust crisis due to a decoupling event, the current market is watching whether it can regain recognition.
FXS: The only remnant from the stable era, surviving the market reshuffle thanks to its unique stability mechanism, but with limited ecological expansion capacity.
LQTY: The lowest market value invisible player in the stablecoin business, which may become a value trap due to undervaluation.
CRV: Its stablecoin progress remains a mystery, but the liquidity advantage of the Curve ecosystem is still being bet on by some investors.
From last week's staking sector to this week's stablecoin craze, the implementation of the stablecoin bill may accelerate traditional financial institutions' entry, while compliance attempts such as GHO may become the core narrative of the next stage.
However, some stablecoin projects still face technical risks and regulatory uncertainties, and blindly chasing high prices may lead to liquidity traps.
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