Etherealize: "Genius Act, the greatest event in Ethereum history"

With the enactment of the U.S. stablecoin legislation (Genius Act), there are expectations that Wall Street's adoption of Ethereum (ETH) will accelerate.

Etherealize stated on its official X account on the 19th (local time), "Enactment of the Genius Act means that blockchain is officially recognized as part of the core infrastructure in the U.S.," adding, "It will become the most powerful catalyst in the history of Ethereum." Etherealize is a business development (BD) organization for institutional investors, established by the Ethereum Foundation earlier this year.

Etherealize predicted that Ethereum will become the core of stablecoin strategies envisioned by the traditional finance (TradFi) industry. Etherealize noted, "75% of U.S. Dollar Coin (USDC) exists in the Ethereum-based ecosystem," and stated, "JPMorgan is also using Base to tokenize bank deposit-based stablecoins." Base is an Ethereum-based blockchain network developed by the U.S. cryptocurrency exchange, Coinbase.

Etherealize emphasized, "Ethereum is the 'digital oil' of the digital economy." Etherealize explained, "Ethereum encourages the growth of every ecosystem built on it, including Circle, Coinbase, and Layer 2 networks," and added, "The Genius Act will become a decisive turning point that draws Wall Street's attention to Ethereum."