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Gate Square New & Returning Creator Rewards are ongoing!
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#Gate七月透明度报告发布 #BTC ETF持仓破1530亿美元 #美联储终止新型活动监管 【Block Rhythm】On August 19, U.S. Treasury Secretary Becerra stated, "Implementing the GEN Act is crucial for ensuring America's leadership in the digital asset space. Stablecoins will expand the use of dollars globally by billions, leading 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, which can earn yields when staked in their respective protocols. According to data from the data platform, since July 18, the circulating supply of USDe has increased by 70%, surpassing 10 billion USD, making it the third largest stablecoin by market capitalization.