The supply of yield-generating stablecoins has surged, with USDe and USDS being the biggest beneficiaries.

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[比推] U.S. Treasury Secretary Becerra stated that implementing the GENIUS Act is crucial for ensuring America's leadership in the digital asset space. Stablecoins will expand the dollar usage channels globally by billions of dollars and lead to a surge in demand for U.S. Treasury bonds.

Since the passage of the GENIUS Act in July, the supply of yield-bearing stablecoins has surged. Data shows that the biggest beneficiaries are Ethena's USDe and Sky's USDS, both of which can generate yields when staked within their respective protocols. According to data platforms, since July 18, the circulating supply of USDe has increased by 70%, surpassing $10 billion, making it the third largest by market capitalization among all stablecoins. During the same period, the circulating supply of USDS rose by 23%, approaching $4.81 billion, ranking fourth by market capitalization.

USDE-0.03%
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GasOptimizervip
· 21h ago
APY data has been recorded in Excel, and the conclusion is worth following.
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BoredRiceBallvip
· 21h ago
America won big.
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GmGnSleepervip
· 21h ago
Stablecoins are so competitive now.
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PensionDestroyervip
· 21h ago
Dollar play people for suckers play people for suckers play people for suckers play people for suckers
View OriginalReply0
down_only_larryvip
· 21h ago
Whether it is stable or not depends on the US.
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