Ethereum is quietly positioning itself as the undisputed king of the stablecoin era — and Wall Street is starting to notice. 💥
According to JPMorgan, $ETH gives investors front-row exposure to the stablecoin boom, with $138B worth of stablecoins living on its rails — a commanding 51% share of the entire $270B market.
And the growth? Relentless. 📈 Stablecoin market cap has climbed for eight straight months, outperforming the broader crypto rally. JPMorgan sees this market swelling to $500B by 2028, while Standard Chartered is even bolder — calling for $750B by late 2026.
The recent passage of the GENIUS Act is pouring gasoline on the fire — turbocharging activity in DeFi, NFTs, and spot markets. Even Layer-2 networks minting stablecoins are feeding Ethereum’s network fees and burn rate. 🔥
$ETH is now trading near $4,540 — up 50% in just a month — still shy of its 2021 ATH of $4,900. But if Wall Street’s stablecoin love affair deepens, that ceiling may not hold for long. 🚀