Jan Van Eck, CEO of firm management firm Vaneck, thinks Ethereum will be the clear “winner” of blockchains as banks are preparing for a flood of stablecoins.
In an interview with Fox News Business on Wednesday, Van Eck Says Banks and financial services need to adopt a blockchain to handle Stablecoin transactions, and he Thinking of Ethereum one should be.
“This is what I call a Wall Street token. And I mean, if you think it is because of Stablecoins, now every bank and every financial service company needs to have a way of getting to Stablecoins,” he said.
“So the winner is, who’s going to build these blockchains? It’s going to be Ethereum or something that uses Ethereum type of technique, called ECM.”
“Ethereum is the token of Wall Street,” said @Janvaneck3. pic.twitter.com/9naqjh8r0x
– Vaneck (@vaneck_us) August 27, 2025
Last month, the US House passed the Genius Act, which President Donald Trump then signed the law. The law focuses on Stablecoins and the country’s first federal law focused exclusively on payment stablecoins. Meanwhile, the total stablecoin supply has only Cross $ 280 billion.
Ethereum or something like this is the stablecoin blockchain
The CEO of Vaneck also predicts that in many companies trying to adopt stablecoins, banks need to adapt or disappear.
A May 14 report from the Digital Assets platform platform found by the fireblocks 90% of institutional players who are -survey has explored the use of stablecoins in their operation.
“Companies need to use technology to enable stablecoin use for the next 12 months. It will last, but no financial service company wants to say, ‘No, don’t send me the digital dollar,'” Van Eck said.
“If I want to send you stablecoins, your bank needs to know it, or you’ll find another institution to do that.”
Eric Trump, Executive Vice President of the Trump Organization and son of US President Trump, Make similar comments in AprilBut went another step and said banks should adopt crypto or lose in ten years.
Vaneck has ether ETF
Jan Van Eck’s comments could expect as his firm Vaneck, offered a Ether-based exchange-traded fund. The firm is Provided the green light to launch the investment Product of the US Securities and Exchange Commission in July 2024.
It’s just Tracks the price of ether (Eth), and it doesn’t really handle it directly. Until August 27, it holds more than $ 284 million in property.
Ether hit the new one all the time in August
Van Eck’s comments came while Ether recently reached a New all-time high On Sunday, crossing above $ 4,946, According to In coingecko. The token currently traded at $ 4,566, down 1% in the last 24 hours.
Related: Investment counselors are leading ‘with $ 18.3B in Bitcoin, Ether ETF
Ethereum gets significant momentum by corporations’ Ether for Treasury.
Matt Hougan, Chief Investment Officer in Bitwise, told Cointelegraph in July The adoption of that treasury solved the problem of narration of Ethereum by packing digital assets in a way that traditional investors understand, draw more capital.
During the last month, corporate treasury companies have obtained More than $ 6 billion ether worth, May bitmine and Sharplink Among the most active buyers.
Magazine: Eth ‘God candle,’ $ 6k next? Coinbase Security: Hodler’s Digest, August 17 – 23
