The stablecoin market is reportedly outgrowing the larger cryptocurrency sector following recent U.S. legislation. Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. That’s according to a report Tuesday (Sept. 30) by CoinDesk, citing findings from JPMorgan that showed that the $300 billion stablecoin market has grown 42% so far this year, double the 21% growth in the overall crypto market. Since the GENIUS Act — America’s first piece of major stablecoin legislation — was signed in July, the stablecoin market cap has risen 19%, underlining how regulation has driven adoption, the bank’s analysts said. The two offered a blunt warning to the community banking space: If members move liquidity to digital assets platforms that can also lend and settle payments through stablecoins, community institutions risk losing out.