Yield-Bearing Stablecoins Surge Post-GENIUS Act, Redefining Market Dynamics

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The recent passage of the GENIUS Act in the United States has triggered a significant surge in the supply of yield-bearing stablecoins, notably Ethena's USDe and Sky's USDS. This legislative development, aimed at regulating stablecoins, has paradoxically led investors to seek alternative avenues for yield, driving demand for these specific stablecoin protocols. The market is observing a notable shift as investors adapt to the new regulatory landscape.

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