The passage of the GENIUS Act will bring significant market expansion opportunities for USDC, further consolidating its position as the second-largest stablecoin globally. According to the latest data, the market capitalization of USDC is projected to reach $61.7 billion by 2025, accounting for 1.78% of the stablecoin market, with a circulating supply exceeding 6.16 billion tokens. Driven by the Act, industry analysts predict that the market share of leading stablecoins (including USDC and USDT) may increase from the current 85% to 90%, significantly raising industry concentration.