GENIUS Act drives stablecoin market value to surge by $9.11 billion

After the passage of the GENIUS Act, the market value of stablecoins increased by $9.11 billion within 23 days. Among them, Ethena Labs' USDe increased by $4.19 billion, benefiting from protocol integration with Aave and Pendle; Tether's USDT increased by $3.71 billion, continuing to dominate the market; SkyEcosystem's USDS increased by $1.3 billion. New stablecoins such as PayPal's PYUSD and Ripple's RLUSD also demonstrate the increasing interest of institutions in this field.