Stablecoin Supply Surge: USDe & USDS See Remarkable Growth Post-GENIUS Act

Key Points

1. The circulating supply of USDe surged by 70% to approximately 9.49 billion, and USDS increased by 23% to nearly 4.81 billion following the GENIUS Act.

2. The GENIUS Act is a U.S. stablecoin regulation bill that has influenced the stablecoin market by creating new dynamics for investors, particularly in staking.

3. Investors are drawn to yield-bearing stablecoins like USDe and USDS because they offer returns through DeFi activities such as staking or liquidity provision.

4. The GENIUS Act restricts stablecoin issuers from directly providing yield, but staking rewards through DeFi protocols remain permissible.

5. The growth of yield-bearing stablecoins reflects a shift in investor behavior towards assets that offer returns under new regulatory frameworks.