In an interview, Jan van Eck, CEO of VanEck, discussed the future of Ethereum in light of the growing interest in stablecoins within the financial sector.
Banks' attitudes towards stablecoins
Van Eck pointed out that financial institutions will need to adapt to using stablecoins: 'Every bank and financial company needs to find a way to accept stablecoins.' He believes that Ethereum or similar methodologies will become the foundation for processing these transactions.
Impact of legislation on stablecoins
The recently passed Genius Act signed by the president represents the first federal legislative initiative focused on payment stablecoins in the U.S. This highlights the importance and necessity of integrating stablecoins into the traditional financial system.
Achievements of Ethereum in the market
Discussing Ethereum's current successes, it recently reached a new all-time high of $4,946. Ethereum remains an attractive asset for corporations, which have started using it for treasury management, helping to attract more capital investment.
Jan van Eck's comments underscore Ethereum's importance as a key player in the stablecoin market, especially given the growing necessity for financial institutions to adapt to new technological demands.
