Ethereum Selected by Wall Street

Ethereum is increasingly asserting its position as a technology platform rather than just a simple cryptocurrency. Tom Lee (Fundstrat & Bitmine) believes that #Ethereum is the top choice for Wall Street to build a tokenized ecosystem.

Specifically, JP Morgan has issued its own stablecoin on the Ethereum network, while Robinhood is also ramping up the development of asset tokenization solutions based on this blockchain. Statistics show that more than 60% of real assets being tokenized are currently on Ethereum – this number continues to rise sharply.

Another testament to Ethereum's appeal is Circle, the issuer of USDC, which is being valued by the market at 100X EBITDA – indicating that Wall Street investors highly value the potential of stablecoin infrastructure linked to the Ethereum network.

As the backbone for digital assets, $ETH is reinforcing the belief that blockchain technology will be an essential foundation in the future of global finance.

Investing in cryptocurrency carries high risks due to significant price volatility.