Recently, the passage of the GENIUS Act in the United States has brought an important regulatory framework to the cryptocurrency industry. Clarifying the legal status of stablecoins and defining them as payment instruments rather than securities limits the possibility of being classified as securities by the SEC and federal banking agencies. Promote the widespread use of stablecoins in the financial system. As an innovative project in the stablecoin field, ENA (Ethena) has multiple points of convergence with the passage of the U.S. Stablecoin Act, and its products USDe and USDtb are expected to gain significant development opportunities in this new regulatory environment. Fill the gap in the income of compliant stablecoins, and USDe becomes a potential beneficiary The market is expected to usher in massive growth after the passage of the stablecoin bill, but traditional compliant stablecoins (such as USDT, USDC) are usually reserved for low-risk assets (such as bank deposits or short-term Treasury bonds) and cannot directly provide income to holders. ENA's USDe, on the other hand, generates yield through Ethereum staking and derivatives markets, providing users with a stable source of passive income. The current price of Ethena Staked USDe is $1.17 with a 24-hour trading volume of $11.4 million, showing the market's interest in it. USDe leverages the "Internet Bond" mechanism to achieve yields through staking Ethereum and hedging strategies, filling the gap where compliant stablecoins cannot earn interest. Driven by the bill, the market demand for stablecoins will further increase, and USDe's income attribute makes it expected to attract more users who are looking for stable income to become potential beneficiaries of this wave of growth. Decentralization and compliance go hand in hand, the dual advantages of ENA The Stablecoin Act emphasizes the importance of cybersecurity and decentralized mechanisms, requiring issuers to take steps to protect user assets from hackers. ENA's USDe runs on Ethereum and leverages ZK-Rollup and a decentralized oracle network to ensure efficient transactions and data transparency. This decentralized architecture is highly compatible with the bill's requirements for security and transparency. At the same time, ENA has demonstrated its ability to deploy in the field of compliance through USDtb. The parallel of USDe and USDtb allows ENA to find a balance between decentralized finance (DeFi) and traditional finance (TradFi) to take its place in the market growth driven by the bill. The passage of the GENIUS Act has brought a clear regulatory framework and growth opportunities to the stablecoin market, and ENA is highly consistent with the regulatory trend of the Act by virtue of the income attributes of USDe and the compliance advantages of USDtb. USDe fills the gap where compliant stablecoins can't earn interest, while USDtb meets the transparency and security requirements of the Act. ENA's two-line layout allows it to find a balance between decentralization and compliance, and is expected to be a significant beneficiary of the market growth driven by the bill.