Jan Van Eck, general director of the Vaneck investment management company, speculated that Ethereum would be a clear “winner” among block chains when banks are preparing for the Stablecoin flood.
During an interview with Fox News Business on Wednesday Van Eck he said Banks and financial services will have to accept blockchain to handle Stablecoin transactions, and believe that Ethereum should be that.
“This is very much what I call the Wall Street token. And what I mean if you think that because of Stablecouins, now every bank and every financial service company must have a way of receiving in Stablecouins,” he said.
“So the winner is who will build on these blocks? It will be Ethereum or something that uses the Ethereum methodology, which is called ECM.”
“Ethereum is a symbel Wall Street,” he says @Janvaneck3. pic.twitter.com/9naqjh8r0x
– Vaneck (@vaneck_us) August 27 2025
Last month, the US House adopted a genius law, which President Donald Trump signed. Legislation focuses on stableins and is the first federal law in the country focused exclusively on payments. Meanwhile, the total supply of Stablecoin has just crossed $ 280 billion.
Ethereum or something like this will be blockchain Stablecoin
The CEO of Vaneck also predicted that in the case of many companies trying to accept Stablecouins, banks will have to adapt or lose.
Report of May 14 from the FIBLABLOKS platform in the field of Enterprise digital assets, it was found that 90% of institutional players surveyed are investigating the employ of Stablecouins in their operations.
“Companies must use technology to enable the use of Stablecoin in the next 12 months. It will take some time, but no financial service company wants to say:” No, do not send me this digital dollar, “said Van Eck.
“If I want to send you Stablecouins, your bank must figure it out or find another institution to do this.”
Eric Trump, Vice President of the Trump organization and son of US President Donald Trump, made similar comments in April, but he went a step further and said that banks must accept crypto or extinct in 10 years.
Vaneck has ETF ether
The comments of Jan Van Ecka can be expected because his company, Vaneck, offers a stock fund based on Ether. The company received green light to launch an investment product by the American securities and stock exchanges in July 2024.
Only that songs The price of ether (ETH) and does not keep it directly. From Wednesday, he kept assets of over $ 284 million.
Ether reached a new time in August
Van Ecka’s comments appeared when the ether reached the new level on Sunday, exceeding over USD 4,946, According to To Coingecko. The token traded at 4566 USD, which is a 1% decrease in the last 24 hours at the time of writing.
Related: Investment advisors “dominate” from USD 18.3 billion in Bitcoin, Ether ETFS
Ethereum gained significant momentum by accepting the ether of the corporation for the treasures.
Matt Hougan, director of BitWise investment, said Cointelegraph in July that the treasury adopted the narrative problem of Ethereum, packing digital assets in a way that traditional investors understand, attracting greater capital.
Over the past month, corporate tax companies have acquired Ether worth over $ 6 billion, with Bitmine and Sharplink among the most active buyers.
Warehouse: ETH “God Candle”, $ 6,000 then? Coinbase exacerbates security: Hodler’s Digest, August 17-23
