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GENIUS Act anniversary highlights stablecoin growth and enterprise adoption

Stablecoin capitalization is about $310 billion, and Ethereum stablecoin transaction volume is up roughly 50% since the law was enacted, according to Federal Reserve researchers.

Reported · Written up by our desk · Stablecoins

Ahead of the one year mark since President Donald Trump signed the GENIUS Act on July 18, 2025, the stablecoin market is now valued at about $310 billion, including roughly $184 billion in USDT and $73 billion in USDC, according to CryptoSlate.

Federal Reserve researchers cited in the coverage estimated stablecoin capitalization at $317 billion as of Apr. 6, up more than 50% from early 2025. The researchers also recorded a 50% increase in Ethereum stablecoin transaction volume since enactment.

While core GENIUS implementation steps are still in proposal form as of July 17, the article says banks, payment companies, and infrastructure providers have continued planning for a more regulated environment. Sonlin characterized GENIUS as a credible federal direction that supports longer term commitments, noting that major infrastructure changes often do not happen within 12 months.

The report also points to enterprise traction and institutional experimentation, highlighting Triple-A’s experience of more businesses moving from evaluation to implementation and a “marked reduction” in sales cycles. It adds that Visa’s stablecoin settlement pilot supported nine blockchains by April and reached a $7 billion annualized settlement run rate, up 50% from the prior quarter, and that Visa later introduced an enterprise platform for stablecoin storage, redemption, minting, and burning.

Latest closeEthereum $1,847.01 ▲0.3%

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