CHART: Stablecoins are growing fast since the GENIUS Act
Stablecoins have seen substantial growth since President Donald Trump signed the “GENIUS Act,” a stablecoin regulatory bill, into law on June 17. Coins tracked by DefiLlama have seen their collective market capitalization increase from approximately $251 billion to approximately $268 billion. This growth has had both winners and losers, with some stablecoins that have deeper links to Trump’s crypto empire seeing a disproportionate share of the overall growth. Read more: ANALYSIS: Mapping Donald Trump’s growing crypto empire Among the top coins, the one that’s seen the largest relative increase in its market is the stablecoin issued by Falcon Finance. This coin was founded by Andrei Grachev, who has previously pleaded guilty to fraud in Russia . World Liberty Financial (WLF), one of the crypto firms that the president profits from, invested in Falcon Finance. The coin that’s seen the second largest relative increase is Ethe...