GENIUS Act Fuels Stablecoin Boom on Solana — Is Ethereum Losing Ground?

The total market cap of stablecoins is rising rapidly, and a new report suggests the Solana blockchain is leading the charge. In a recent post on X, Bitwise Investments analyst Danny Nelson argued that Solana has seen the most significant increase in its circulating stablecoin supply since the passage of the GENIUS Act. Solana’s Stablecoin Supply Jumps 40% After GENIUS Act Solana is currently the third-largest blockchain by stablecoin hosting. But Nelson pointed out that, despite this, it has been the fastest-growing blockchain for stablecoin supply over the past three months source: https://beincrypto.com/solana-stablecoin-market-cap-soars-genius-act/