[JPMorgan: Circle's USDC Stablecoin Could Be the Biggest Beneficiary of the GENIUS Act] Odaily Planet Daily News - JPMorgan analysts released a report on Tuesday stating that since the signing of the GENIUS Act on July 18, the market capitalization of stablecoins has risen by 19%, with Circle's USDC appearing to be the biggest beneficiary. After experiencing stagnation earlier this year, its market capitalization surged in the third quarter, rising 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. It is expected to increase by approximately 400 basis points by 2025. Tether's dominance has declined, dropping from 67.5% at the beginning of the year to 60.4%. Analysts suggest that the GENIUS Act may further tilt the market in favor of Circle. (CoinDesk)