🚀 USDe Becomes Fastest Stablecoin to Hit $10B TVL — Here’s Why

In under 18 months, USDe locked in $10B worth of assets — faster than any stablecoin in history. But this wasn’t just a lucky break — it was fueled by a regulatory curveball in the U.S.

📜 The Law That Changed the Game

In July 2025, the GENIUS Act (“Guiding and Establishing National Innovation for U.S. Stablecoins”) set strict new rules:

1:1 reserves in safe assets

Heavy federal oversight

Clear customer priority plans in case of failure

❌ No interest allowed for regulated stablecoins

That last point triggered a massive shift — yield-hunting capital had to look elsewhere.

💡 Why USDe Benefited

Unlike USDC or other regulated coins, USDe operates in DeFi and isn’t bound by the interest ban.

Ethena Labs offers competitive yields via DeFi vault strategies

Institutional and retail investors moved funds seeking better returns

TVL growth fed directly into ENA token demand, which has more than doubled in a month

🔍 The Takeaway

The GENIUS Act aimed to make stablecoins safer — but it also created a yield gap that DeFi-native projects quickly filled.

USDe’s rise shows that regulation doesn’t always slow innovation… sometimes it builds a launchpad for the next big thing.

💭 What’s your view? Does this mark the start of a new “DeFi summer” — or just a short-term surge?