Hong Hao: The issuance of stablecoins based on Ethereum as a transaction settlement network will significantly increase the demand for Ether

Foresight News reports that Hong Hao, CEO of Huafu International and Chief Global Asset Allocation Officer, stated that Ethereum and Bitcoin are akin to the two pillars of the digital world. Bitcoin serves as a store of value, while Ethereum is a tool for transactions. The (GENIUS Act) grants legitimacy to stablecoins, and the issuance of stablecoins based on Ethereum as a transaction settlement network will significantly increase the demand for Ether, leading to its performance surpassing Bitcoin in July 2025, and it is likely to reach a new historical high. In the short term, the development of stablecoins and cryptocurrencies will instead solidify the dominance of the US dollar, while in the long term, it will contribute to a more open monetary system. Ethereum, Bitcoin, and other cryptocurrencies should be an indispensable asset class for investors in this wave of digital assets.