GENIUS Act Spurs Global Surge in Stablecoin Searches

This month, the world’s interest in stablecoins reached an all-time high. This rise in attention came just days before the White House officially signed the GENIUS Act into law. This is a significant step toward officially integrating stablecoins into the U.S. financial system. At the same time, Google Trends shows a spike in public interest as lawmakers worked to pass the bill. Searches Soar as Lawmakers Act The GENIUS Act marks the first comprehensive law for payment stablecoins in America. Search activity for the word “stablecoins” grew steadily in the weeks leading up to the law’s passage. This rise happened while the U.S. Congress was debating the GENIUS Act. The strongest interest came from Washington, D.C., with nearby areas like Hyattsville and Arlington not far behind. Even after the bill was signed on July 18, global search interest stayed high throughout the following week. On Google’s scale of 0 to 100, stablecoin searches held strong at a score of 75. This number was higher than the rise seen in Europe when the Markets in Crypto-Assets Regulation (MiCA) regulation took effect. GENIUS Act Beats MiCA in Public Interest MiCA became law in the European Union in 2024. It introduced new rules for stablecoins across the EU. However, search data shows that the impact on public awareness was mild . Before and after MiCA became active, global search interest stayed flat at around 11.7. In contrast, the GENIUS Act saw a bigger rise. In the four weeks before the bill was signed, the average search interest stood at 72.8. In the four weeks after, that number climbed to 84.5, an increase of nearly 16%. The GENIUS Act offers legal certainty for stablecoin issuers in the U.S. Under the new law, approved issuers must follow clear rules. Stablecoins are required to be backed by safe reserves, and issuers must report those reserves daily. They are now treated as payment tools, not securities. The goal of the law is to support everyday transactions and provide new ways to use digital tokens in finance. The GENIUS Act also helps traditional banks and fintech firms move forward with stablecoin projects more confidently. USDT Dominates Global Stablecoin Interest Even as interest in stablecoins grows , one token remains far ahead of the rest. Tether’s USDT leads global search interest with an index score of 55. That is much higher than USDC’s score of 8, showing a 6.9-to-1 ratio. This gap is even wider than their market cap difference. USDT holds $163 billion, while USDC has $63 billion in circulation. The divide also shows up at the city level. USDC is more popular in U.S. cities like New Orleans, Portland, Seattle, Boston, and San Francisco. Meanwhile, USDT is the leading stablecoin in cities like Lagos, Phnom Penh, Da’an District in Taipei, Singapore, Lisbon, and San Jose. The post GENIUS Act Spurs Global Surge in Stablecoin Searches appeared first on TheCoinrise.com .

Source: The Coin Rise