📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
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Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
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The supply of yield-generating stablecoins has surged, with USDe and USDS being the biggest beneficiaries.
[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.