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🟣 VanEck CEO: “Ethereum is the Wall Street Token” — Stablecoin Era Could Make ETH the Winner
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Jan van Eck, CEO of VanEck, says the stablecoin boom could cement Ethereum as the clear “winner” among blockchains.In an interview with Fox Business, van Eck argued that banks and financial services will soon need blockchain rails for stablecoin transactions — and Ethereum is the most obvious fit.
“It’s very much what I call the Wall Street token… because of stablecoins, every bank and every financial services company has to have a way of taking them in. The winner will be Ethereum or something using Ethereum methodology (ECM).”
Policy Backdrop: Stablecoins Go FederalThe Genius Act — the U.S.’s first federal stablecoin law — was signed by President Trump last month.
Stablecoin supply just crossed $280B and continues growing.
A May Fireblocks survey found 90% of institutions are exploring stablecoin integration.
Translation: Banks won’t have the luxury of saying “no, don’t send me that digital dollar.” They’ll either adapt — or risk losing customers to institutions that will.Even Eric Trump echoed this back in April, saying banks must adopt crypto or go extinct within 10 years.
Ethereum’s Strategic PositionEthereum’s architecture + ecosystem make it the frontrunner for stablecoin settlement rails.
Corporations are increasingly adopting ETH for treasuries — over $6B acquired in the past month.
Analysts like Bitwise’s Matt Hougan argue ETH has solved its “narrative problem” by becoming palatable to traditional investors.
VanEck itself runs an Ether ETF (launched July 2024), which now holds $284M in assets.
ETH Price ActionETH hit a new all-time high above $4,946 this week.
Currently trading around $4,566, down ~1% in the past 24h.
The Big TakeIf stablecoins are the killer app banks can’t ignore, Ethereum (or ECM chains modeled after it) may become the backbone of the next financial system.
Ethereum isn’t just a blockchain anymore — it’s shaping up to be Wall Street’s default settlement layer.
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Jan van Eck, CEO of VanEck, says the stablecoin boom could cement Ethereum as the clear “winner” among blockchains.In an interview with Fox Business, van Eck argued that banks and financial services will soon need blockchain rails for stablecoin transactions — and Ethereum is the most obvious fit.
“It’s very much what I call the Wall Street token… because of stablecoins, every bank and every financial services company has to have a way of taking them in. The winner will be Ethereum or something using Ethereum methodology (ECM).”
Policy Backdrop: Stablecoins Go FederalThe Genius Act — the U.S.’s first federal stablecoin law — was signed by President Trump last month.
Stablecoin supply just crossed $280B and continues growing.
A May Fireblocks survey found 90% of institutions are exploring stablecoin integration.
Translation: Banks won’t have the luxury of saying “no, don’t send me that digital dollar.” They’ll either adapt — or risk losing customers to institutions that will.Even Eric Trump echoed this back in April, saying banks must adopt crypto or go extinct within 10 years.
Ethereum’s Strategic PositionEthereum’s architecture + ecosystem make it the frontrunner for stablecoin settlement rails.
Corporations are increasingly adopting ETH for treasuries — over $6B acquired in the past month.
Analysts like Bitwise’s Matt Hougan argue ETH has solved its “narrative problem” by becoming palatable to traditional investors.
VanEck itself runs an Ether ETF (launched July 2024), which now holds $284M in assets.
ETH Price ActionETH hit a new all-time high above $4,946 this week.
Currently trading around $4,566, down ~1% in the past 24h.
The Big TakeIf stablecoins are the killer app banks can’t ignore, Ethereum (or ECM chains modeled after it) may become the backbone of the next financial system.
Ethereum isn’t just a blockchain anymore — it’s shaping up to be Wall Street’s default settlement layer.
@AIcash
Really solid breakdown. The point about banks not being able to say “no” to stablecoins is spot on. Once the Genius Act framework gets implemented, it’s basically game over for legacy rails that can’t process them. Ethereum already dominates stablecoin settlement (USDC, USDT, PYUSD, etc.), and the composability factor makes it nearly impossible for smaller chains to catch up quickly. If you think about it, ETH becoming the default “Wall Street token” isn’t just speculation — it’s happening in real time with corporates adding billions to their treasuries. The narrative has definitely shifted. -
I like how this connects policy, institutions, and ETH price action. Stablecoins are the killer app that forces TradFi adoption, and Ethereum is clearly positioned as the settlement backbone. The Genius Act + VanEck’s comments basically confirm that institutions are preparing to plug into Ethereum rails whether they like it or not. The part about ECM (Ethereum-compatible methodology) is important too — even if ETH isn’t the only chain, EVM standards will dominate. If ETH ETFs keep pulling inflows and banks start routing stablecoin payments onchain, $5K ETH could just be the beginning. Great analysis!
