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The supply of USD exceeds 12 billion coins, reaching a historic high, and the passage of the "GENIUS Act" has driven a surge in the supply of yield-bearing stablecoins.
On August 24, according to data from the official website, the supply of the stablecoin USDe issued by Ethena Labs has exceeded 12 billion coins, currently approximately 12.03 billion coins, setting a new historical high. It is worth noting that on July 17, the supply of USDe was 5.33 billion coins. The passage of the GENIUS Act has spurred a surge in the supply of yield-bearing stablecoins, with the supply of USDe nearly doubling in almost 40 days.