The new GENIUS Act signed by U.S. President Donald Trump has become a catalyst for the rapid growth of the stablecoin market. In this article, we examine how the new rules have impacted the industry.
Impact of the GENIUS Act on the Stablecoin Market
On July 18, 2025, Donald Trump signed the GENIUS Act, which confirms stablecoins as financial products. The bill received bipartisan support and introduced clear rules for the industry, including a requirement for full reserve backing. Since its passage, the stablecoin market has grown from $205 billion to $276 billion, increasing by $9.11 billion in just 23 days.
Growth Leaders in the Stablecoin Market
The largest growth is observed among five leading stablecoins. Leading the charge is Ethena’s USDe, which increased its market cap by $4.19 billion due to integration with platforms like Aave and Pendle. The second largest player is Tether’s USDT, which grew by $3.71 billion, followed by Sky’s USDS, which added $1.30 billion.
Future of Stablecoin Regulation
As interest in stablecoins increases, large companies like JPMorgan and Amazon are exploring launching their own stablecoins. Other bills such as the CLARITY Act and the Anti-CBDC Surveillance State Act are also progressing through Congress, further strengthening the U.S. position in digital finance.
The GENIUS Act has had a significant impact on the stablecoin market, creating conditions for growth and innovation. The future of this market looks promising, given the interest from major players and the development of the legislative framework.
