Yield-bearing stablecoin supply surges after the GENIUS Act
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 05 2025Surge in Yield-Bearing Stablecoins: Following the GENIUS stablecoin bill, the supply of yield-bearing stablecoins like Ethena USDe and Sky’s USDS has significantly increased, with USDe's circulating supply rising by 70% and USDS by 23%, leading to a notable market capitalization ranking among stablecoins.
Impact on Market and Returns: The overall stablecoin market is projected to reach $300 billion by year-end, driven by demand for decentralized finance applications, while yield-bearing stablecoins offer inflation-adjusted returns, with staked USDe providing an APY of 10.86% and USDS at 4.75%.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
