This article explores the emerging landscape of yield-bearing stablecoins (YBS) following the GENIUS Act, which divides stablecoins into two categories: non-yielding payment stablecoins and investment-focused YBS. It categorizes YBS into three groups—RWA-backed, onchain native, and actively managed—highlighting their unique characteristics, risks, and opportunities in the evolving digital asset economy.

Analysts at Bernstein report that the recent signing of the GENIUS Act is driving substantial investment interest in Ethereum, with ETH's price rising approximately 25% over the past week. The act provides a regulatory framework for stablecoins, which is expected to enhance Ethereum's role in financial markets and increase its institutional adoption.