Stablecoin market cap rose $9.11B in 23 days.
USDe from Ethena Labs sees fastest growth.
Top 5 stablecoins are gaining major traction.
The crypto market is witnessing a major shift after the passage of the GENIUS Act, with stablecoins leading the charge. In just 23 days, the total stablecoin market growth has reached an impressive $9.11 billion. This sudden surge marks a renewed confidence in regulated digital assets as policymakers and platforms move to embrace stablecoins more broadly.
The largest chunk of this growth comes from the top five players, who are capitalizing on enhanced clarity and integrations following the act.
USDe: Fastest-Growing Stablecoin
Topping the list is USDe from Ethena Labs, which has added a massive $4.19 billion to its market cap. The key to this rapid rise is the integration of PT-USDe with lending protocol Aave and yield platform Pendle. These integrations have made USDe highly accessible and appealing to yield-seeking investors, pushing it to become the fastest-growing stablecoin in the post-GENIUS Act era.
Since the GENIUS Act passed, the total stablecoin market cap grew $9.11B in 23 days
The biggest gains are coming from the top 5 players!
Check out who’s leading the charge :
1⃣ @ethena_labs USDe: The integration of PT-USDe with @aave and @pendle_fi has fueled its $4.19B… pic.twitter.com/wy24KigHuJ
— CoinMarketCap (@CoinMarketCap) August 8, 2025
Top Contenders Benefiting from the Boom
While USDe takes the lead, Tether’s USDT follows closely with a $3.71 billion increase. As the most widely adopted stablecoin globally, USDT continues to benefit from market-wide momentum and trust.
In third place, USDS from SkyEcosystem has shown strong gains, growing by $1.30 billion.
Two newer entrants, PayPal’s PYUSD and Ripple’s RLUSD, have also joined the top five, adding $146.01 million and $102.74 million respectively. These numbers may be smaller, but their inclusion signals growing institutional and fintech interest in the stablecoin space.
What This Means for the Future
With regulations becoming clearer and adoption increasing across DeFi and traditional platforms, stablecoins are emerging as one of the most important crypto categories. The GENIUS Act appears to be a significant turning point, giving both investors and developers renewed confidence in using these digital dollars.
If this momentum continues, we may see even more innovation, integration, and capital flowing into the stablecoin market in the months ahead.
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