Consensys Founder: Ethereum is the Global Settlement Layer, Stablecoins Will Replace the Dollar in Global Settlements

On June 3, Consensys founder and Ethereum co-founder Joseph Lubin posted on social media, "Just as the internet changed the way information is transmitted, Ethereum is bringing the same transformation for value: it provides a shared, open programmable currency standard. Ethereum is the global settlement layer, running continuously every 12 seconds for nearly a decade, operating year-round without error. Last year alone, it settled over $25 trillion in value. Ethereum has the most stablecoins, real-world assets (RWA), and asset tokenization projects. At the same time, it itself is an asset with native yield capabilities, built-in re-staking mechanisms, and a DeFi ecosystem. Soon, stablecoins will replace the dollar in global settlements. The public market is gradually becoming aware of this. I am proud to lead a $425 million private placement for SharpLink, bringing Ethereum's exposure into the traditional capital markets. SBET hopes to benefit from Ethereum's native yield opportunities and showcase these advantages to the public market."