VanEck CEO Predicts Ethereum Will Dominate as Banks Adopt Stablecoins
VanEck CEO Jan van Eck predicts Ethereum will emerge as the leading blockchain for stablecoin transactions as banks and financial services increasingly adopt digital dollars. With stablecoin supply surpassing $280 billion and 90% of institutional players exploring their use, van Eck says banks must adapt or risk losing business. His comments align with his firm’s Ether-based ETF, which tracks Ethereum’s price and currently holds over $284 million in assets. The trend underscores growing institutional demand for blockchain infrastructure to support stablecoin operations.