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VanEck CEO: Ethereum is the Wall Street Token, Stablecoin Development Drives Traditional Financial Institutions' Demand for Ethereum
Summary: In an interview with FOX TV, VanEck CEO and President Jan F. van Eck stated that Ethereum is what he calls the Wall Street token. With the emergence of stablecoins, every bank - in fact, every financial services company - must find a way to accept stablecoins. If I want to transfer stablecoins to you, ...
In an interview with FOX TV, VanEck CEO and President Jan F. van Eck stated that Ethereum is what he calls the Wall Street token. With the emergence of stablecoins, every bank - in fact, every financial services company - must find a way to accept stablecoins. If I want to transfer stablecoins to you, your bank has to figure it out, otherwise you will go to another institution that can. Eventually, those on Wall Street will come back and ask: what is this thing? Which chain should I develop on? The answer is Ethereum. Jan F. van Eck noted that Ethereum was indeed criticized by many when it hit a low earlier this year for various reasons. VanEck actually has a list of actively managed ETFs as well.
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Link: VanEck CEO: Ethereum is the Wall Street Token, Stablecoin Development Drives Traditional Financial Institutions' Demand for Ethereum [Copy]
