Jan van Eck, CEO of VanEck, believes Ethereum will emerge as the dominant blockchain as banks prepare for an influx of stablecoins. In a recent Fox News Business interview, he emphasized that financial institutions must adopt a blockchain for stablecoin transactions, positioning Ethereum as the ideal choice. He referred to it as the 'Wall Street token,' highlighting the necessity for banks to accommodate stablecoins. Following the passage of the Genius Act, which focuses on stablecoins, the total supply has surpassed $280 billion. VanEck noted that 90% of surveyed institutional players are exploring stablecoin integration. He stressed that financial services must embrace this technology within the next year to remain competitive. Eric Trump echoed similar sentiments, suggesting banks must adopt crypto to survive in the next decade. VanEck's firm recently launched an Ether-based ETF, which has attracted over $284 million in assets. As Ethereum reached a new all-time high, corporate treasury adoption has further solidified its position in the market. Read more AI-generated news on: https://app.chaingpt.org/news

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