📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Analysis: After the passage of the GENIUS Act, the supply of interest-bearing stablecoins has significantly risen.
Odaily News Since the signing of the GENIUS stablecoin bill in the United States on July 18, the supply of interest-bearing stablecoins has surged, with Ethena USDe (USDe) and Sky's USDS (USDS) benefiting the most. Data shows that the circulating supply of USDe has increased by 70%, reaching $9.49 billion, elevating its market capitalization ranking to third place. During the same period, the circulating supply of USDS has grown by 23%, nearing $4.81 billion, with a market capitalization ranking of fourth. Julio Moreno, head of research at CryptoQuant, stated that due to the GENIUS bill prohibiting issuers from directly providing yields to holders, investors are turning to stablecoins that offer yields through staking within the protocol. Currently, the Annual Percentage Rate (APY) for staking USDe (sUSDe) is 10.86%, while the APY for staking USDS (sUSDS) is 4.75%. (Cointelegraph)