The GENIUS Act is expected to drive global stablecoin use to new heights. With an already established market dominance position, Ethereum stands to benefit disproportionately from this transition.
In a conversation with BeInCrypto, Sanjay Shah, a researcher at venture capital firm Electric Capital, stressed that the Ethereum blockchain has unique architectural advantages that will reinforce the network’s role as the foundational layer for the incoming stablecoin economy.
Ethereum’s Market Dominance
When US President Donald Trump signed the GENIUS Act into law last month, it triggered a significant price rally across the cryptocurrency market.
However, Ethereum’s performance was unmatched. It experienced the most positive and sustained effect, surpassing any competitor in the immediate aftermath.
In the days before the bill’s passage, Ethereum’s price surged, climbing more than 20% and surpassing the $3,500 mark. The momentum continued even after the bill was signed, with the network’s value peaking at $3,875 the following week.
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At the time of writing, its price rests at $4,465.
This powerful market reaction reinforced investors’ confidence in Ethereum’s ability to capitalize on a new regulatory environment.
The GENIUS Act has effectively removed major hurdles, paving the way for wider
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Author: Camila Grigera Naón
