The GENIUS Act has created a strong boost for the stablecoin market, promoting growth and innovation.
The law was enacted with multi-faceted support, providing clear regulations on liquid reserves and helping the stablecoin market grow by nearly 9.11 billion USD in less than a month.
MAIN CONTENT
The GENIUS Act stipulates that stablecoins must be backed by liquid reserve sources.
Ethena's USDe has seen continuous strong growth, ranking as the third largest market capitalization.
The stablecoin market could reach 300 billion USD by 2025.
What is the GENIUS Act and how does it impact stablecoins?
The GENIUS Act, signed by the President of the United States on July 18, 2025, officially recognizes stablecoins as legal financial products with a clear legal framework.
The law requires all stablecoins to be fully backed by highly liquid reserves, creating transparency and stability in the market. This helps attract many investors and promotes innovation in the cryptocurrency sector.
Which stablecoin leads in growth after the GENIUS Act?
Ethena's USDe is the most outstanding growing stablecoin with an increase of 4.19 billion USD, becoming the third largest stablecoin by market capitalization.
This growth is due to successful integration with major platforms like Aave and Pendle, pushing USDe's circulating supply to 9.7 billion USD, a 70% increase since the law was enacted.
Although the GENIUS Act prohibits interest on stablecoins in the United States, USDe has still seen impressive growth by offering staking rewards, creating a significant competitive edge.
Anthony Yim, Co-founder of Artemis, August 2025
How have Tether USDT and Sky USDS increased?
USDT holds the second position in growth with 3.71 billion USD, maintaining a solid market share with 164.34 billion Tokens in circulation, while its 24-hour trading volume exceeds 118 billion USD.
USDS also recorded an increase of 1.3 billion USD, with a current supply of 7.9 billion Tokens, indicating a growing attraction in the stablecoin investor community.
Do PayPal and Ripple's stablecoins contribute to growth?
PayPal's PYUSD increased by 146 million USD, with a 24-hour trading volume exceeding 32 million USD, and 1.02 billion Tokens in circulation.
Meanwhile, Ripple's RLUSD increased by 103 million USD, with a 24-hour trading volume up 52%, and the current supply at 620.74 million Tokens. These numbers show that both are expanding their influence in the cryptocurrency ecosystem.
How much will the stablecoin market grow by 2025?
The stablecoin market has grown from 205 billion USD to 276 billion USD in 2025 and could reach 300 billion USD if the trend continues.
Large corporations like JPMorgan, Amazon, and Mastercard are planning to issue their own stablecoins, showing interest beyond the cryptocurrency community, shaping the future of global digital finance.
The GENIUS Act marks an important step in integrating stablecoins into the traditional financial system, paving the way for long-term development.
Julio Moreno, Head of Research at CryptoQuant, 2025
Frequently Asked Questions
What is the GENIUS Act?
The GENIUS Act is the law that requires stablecoins to be fully backed by liquid reserves, officially recognizing stablecoins as legal financial products.
Which stablecoin has the fastest growth after the GENIUS Act?
Ethena's USDe leads with an increase of over 4 billion USD, thanks to integration with major staking and lending platforms.
What is the current scale of the stablecoin market?
The current stablecoin market stands at approximately 276 billion USD and could reach 300 billion USD by 2025.
Does the GENIUS Act prohibit interest on stablecoins?
Yes, but stablecoins like USDe continue to grow thanks to staking rewards, creating new pathways for users.
Do large corporations participate in the stablecoin market?
Many companies like JPMorgan and Amazon are researching and preparing to issue their own stablecoins in the near future.
Source: https://tintucbitcoin.com/usde-usdt-tang-9-ty-usd-nho-genius/
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