USDe's rapid ascent to a $10 billion TVL milestone, propelled by the GENIUS Act and DeFi yield opportunities, underscores regulatory shifts fueling innovation in the stablecoin market.
Ethena Labs' USDe reached $10 billion in total value locked (TVL) within 500 days, setting a record as the fastest stablecoin to achieve this milestone. The new GENIUS Act, imposing strict rules including a ban on yield payments for stablecoins, has driven capital towards DeFi yield strategies, boosting USDe’s growth and driving over 100% price appreciation in its ENA governance token.