According to Odaily Planet Daily, JPMorgan analysts released a report on Tuesday stating that the market capitalization of stablecoins has increased by 19% since the signing of the GENIUS Act on July 18, with Circle's USDC appearing to be the biggest beneficiary. After stagnating earlier this year, its market capitalization surged in the third quarter, increasing from $61.5 billion at the end of June to $73.7 billion at the end of September, accounting for 25.5% of the stablecoin market. This is expected to rise by approximately 400 basis points by 2025. Tether's dominance has declined, from 67.5% at the beginning of the year to 60.4%. Analysts suggest that the GENIUS Act may further tilt the balance in Circle's favor. (CoinDesk)