According to reports, a certain data platform published an in-depth analysis of the stablecoin market. Currently, the market capitalization of stablecoins has reached 280 billion USD, with a rise of 40% this year. USDT and USDC occupy the major market share, while USDe has significantly expanded to become the third largest stablecoin following the passage of the GENIUS Act. The GENIUS Act regulates reserve support, prompting competition to shift towards issuance, ecosystem expansion, and market application capabilities.

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