Techub News reports that since the passage of the GENIUS Act in July, the supply of yield-generating stablecoins has surged, as the act prohibits issuers from providing stablecoin yields. On-chain data shows that the biggest beneficiaries are Ethena USDe (USDe) and Sky's USDS (USDS). Since July 18, the circulating supply of USDe has increased by 70%, reaching 9.49 billion, ranking third in market capitalization among all stablecoins.