More than Stablecoins: Reasons to be Bullish on Ethereum
(Excerpt)
The global demand for dollars has not decreased but has exploded. While headlines focus on 'de-dollarization,' a more significant trend is emerging: over 4 billion people and millions of businesses are actively seeking dollars through stablecoins, representing the largest expansion of the dollar network effect in decades. This has created unprecedented opportunities for Ethereum. Stablecoins provide individuals globally with access to dollars—growing 60-fold since 2020, exceeding $200 billion—millions of new dollar holders need more than just digital cash. They need yields, investment opportunities, and financial services. Traditional finance cannot serve this vast new market due to regulatory and infrastructure limitations.
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