Jean Van Eyk, CEO of Investment Management Company, at Fox Business yesterday, said ETHEREM (ETHEM). His comments come at the time when ETH is near the highest new possible level (ATH), as it caught the renewed attention of both investors from retail and institutions.
Ethereum is necessary to transfer Stablecoin
In a conversation interview With Fox Business, VANECK CEO has shared ideas about the current momentum of ETH – both in terms of price and adoption. The CEO said that banks must adopt the smart contract network to facilitate Stablecoin transactions.
For beginners, Stablecoins is encrypted currencies designed to maintain a stable value by adhering to a reserve asset like the US dollar. It combines encryption speed with traditional currency stability, which makes them widely used for payments, trade and transfers.
Until recently, the banks were cautious about Stablecoins because of the uncertainty and its association with the wider and volatile encryption market. However, yet corridor From the verb of the genius, positions began to transform.
Organizers now offer a clearer framework for digital assets, and commercial institutions are increasingly open to Stablecoins as part of the financial infrastructure.
Speaking of Fox Business, Jean Van Eck said it is necessary for banks and commercial institutions to build a set of movements to enable Stablecoin movements. Among the many potential candidates, the CEO of Vaneck believes that Ethereum has a competitive advantage. He added:
So the winner is, who will build on these edges? It will be ethereum or something that uses ethereum a type of methodology, which is called EVM.
This is not the first time that you have High The role of Ethereum in the advanced digital economy. In a recent report, the company suggested that ETHEREUM could one day exceed Bitcoin (BTC) as the favorite store of value, pointing to the low rate of ETH and the expansion of the network as major engines.
Stablecoin’s adoption has accelerated since Donald Trump’s victory in the US presidential election in November 2024. Wyoming recently Firing Its Stablecoin, FRNT, on the occasion of the first initiative by the US state government.
Meanwhile, Treasury Secretary Scott Beesen expected The stablecoin market can grow up to 3.7 trillion dollars by 2030. estimated The market can expand seven times within five years.
Eth Bitcoin is outperforming
The extensive ETHEREUM benefit continues to give it an advantage over bitcoin. While BTC remains primarily a value of value and hedging in inflation, the evil powers of decentralized financing (Defi), NFTS symbols, and jobs as a global settlement layer of digital payments.
Against this background, an increasing number of companies adding ETH actively to their public budgets. For example, Sarplink games recently It has been purchased The last 56,533 ETH, which increases its total possession of approximately 800,000 symbols.
Data for the last circulating boxes (ETF) as well He appears ETH ETFS outperforms their Bitcoin counterparts for seven consecutive days. At the time of the press, ETH is trading at $ 4,473, a decrease of 3.2 % in the past 24 hours.
Distinctive image from Unsplash.com, plans from Sosovalue and TradingView.com
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