In a recent interview with Fox Business, Vanneck CEO Jan Van Eck I shared his views What kind of cryptocurrency he believes has become the best choice among Wall Street investors. He made it clear that the answer is not XRP. According to him, Ethereum With the rise of stubcoins and digital currencies, it is becoming a major option for banks and large financial companies, and institutions that want to remain competitive can’t afford to ignore it.
Ethereum was named after Vaneck CEO Wall Street Token
Yang Van Eck said Ethereum is a blockchain network As smart contracts and staking capabilities provide financial and practical applications, Wall Street institutions are changing more and more. According to Vaneck’s CEO, this is the digital currency. An integral part of today’s financial systemresearch institutes are already using Ethereum to pay for Stablecoin, decentralised financial projects and tokenized assets.
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Data shows that over 19 public companies own 2.7 million ETH At their Treasury. Many of these companies use staking to generate stable income. Investment advisors are also involved, with a total of $1.3 billion Ether ETF Exposureand Goldman Sachs accounts for more than half of that amount.
Vanek itself has added this trend. The global investment management company launched the Ethereum ETF in July 2024 and currently manages more than $4 million in assets. The fund tracks the price of ether without holding actual tokens, but emphasizes the confidence of Ethereum CEOs The long-term role in global finance.
Stablecoin Boom solidifies the institutional role of Ethereum
Van Eck has also linked Ethereum’s rise to the rapid expansion of stablecoins. He points out Genius acta new law was passed earlier this year, giving banks and institutions a great deal of confidence in using the silly thing backed by the US dollar. The law brings stable coins to the regulated financial system, and Van Eck said it only strengthened Ethereum’s role as the backbone of digital finance.
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“Every bank and every financial services company needs to have a way to incorporate stubcoin,” Van Eck said. He added that the bank must ultimately do it. Building on Ethereum Or in a chain that uses “Ethereum of Methodology.”
Currently, Ethereum manages more than 50% of the $280 billion stubcoin market, and experts say this number can be done It’s going to be a few trillions For the next few years. Van Eck says Ethereum can benefit most from adopting Stablecoins by more banks and institutions. For Vaneck’s CEO, Ethereum is more than Altcoin. Currently network The heart of the future financial world. That’s what he calls it “Wall Street Tokens” and predicts it will play a leading role in the stubcoin and the digital dollar revolution.
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