Yield-Bearing Stablecoin Market Surges Despite GENIUS Act Ban on Interest
Main Idea
The content appears to be a promotional message for the meme token Floppapepe ($FPPE), encouraging potential buyers to invest before it's too late.
Key Points
1. Floppapepe ($FPPE) is described as an AI meme token.
2. The message encourages users to 'escape the ordinary and reach for lunar gains' by investing in $FPPE.
3. There is a sense of urgency with the phrase 'secure your spot now before it's too late'.
Description
The supply of yield-bearing stablecoin has sharply increased following the enactment of the GENIUS bill in July , which prohibits issuers from offering direct yields to holders. Despite the regulatory restriction, decentralized protocols have continued to offer attractive returns through staking, fueling demand for tokens like Ethena’s USDe and Sky’s USDS. Since July 18, the circulating supply of USDe has jumped by 70%, reaching 9.49 billion coins, according to DefiLlama data. This rise has elev...
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