USDT Regulatory Clarity on the Horizon as GENIUS Act Advances in U.S. Senate

The U.S. Senate is gearing up to debate the GENIUS Act, a landmark stablecoin bill that could establish the first comprehensive regulatory framework for dollar-pegged tokens like USDT and USDC. With strong momentum behind the legislation, the crypto industry anticipates significant implications for the future of stablecoins and their market stability.

U.S. Stablecoin Bill Nears Senate Debate as GENIUS Act Gains Momentum

The U.S. Senate is poised to debate landmark stablecoin legislation next week, with proponents of the GENIUS Act expressing confidence in its passage. The bill, formally titled the "Guiding and Establishing National Innovation for U.S. Stablecoins" Act, seeks to establish the first comprehensive regulatory framework for dollar-pegged tokens like USDC and USDT.

Senator Bill Hagerty (R-TN), the bill’s sponsor, framed the upcoming vote as a historic moment for crypto regulation. The latest draft shows modest revisions aimed at addressing Democratic concerns, though details remain undisclosed. Stablecoins serve as critical infrastructure for crypto markets, with daily trading volumes often exceeding $50 billion across major exchanges.

Tether Mints $16B USDT on Tron, Surpassing Ethereum’s Supply

Tether’s aggressive expansion continues with a $16 billion USDT mint on the TRON network in 2025, pushing its total supply on the blockchain to 75.7 billion. This milestone eclipses Ethereum’s USDT circulation, signaling a strategic shift in stablecoin distribution.

The migration of institutional and retail traders to Tron reflects evolving preferences in blockchain utility. Lookonchain data confirms Tron’s newfound dominance in USDT issuance, underscoring the network’s growing role in digital asset liquidity.

Stablecoin Market Cap Hits Record $243 Billion as Tether Strengthens Dominance

The stablecoin market capitalization surged to a historic $243.8 billion this week, marking a $38 billion increase since the beginning of the year. Tether (USDT) solidified its lead with a 62% market share, reaching $151 billion in assets. USD Coin (USDC) followed distantly with $60.4 billion, while Ethena USDe (USDe) captured nearly $5 billion.

Newcomer USD1, launched by Donald Trump’s World Liberty Financial, attracted $2.1 billion in assets—likely tied to MGX’s $2 billion investment in Binance. Ripple USD (RLUSD) and PayPal’s PYUSD trailed with $900 million and $313 million respectively, as the sector continues to demonstrate institutional confidence and liquidity growth.