VanEck CEO "Ethereum is a Wall Street coin… key infrastructure for stablecoin adoption"

Jan F. van Eck, VanEck chief executive officer (CEO), referred to Ethereum (ETH) as a 'Wall Street coin' and emphasized that it will be at the center of financial sector adoption.

On the 28th (local time), according to Cointelegraph, Jan van Eck said in an interview with Fox Business TV, "The emergence of stablecoins has created a situation where Wall Street financial institutions need to find a way to adopt them," and "Ethereum is a 'Wall Street coin.' Eventually, Wall Street institutions will develop stablecoins on Ethereum," he said.

He also assessed, "Earlier this year, when Ethereum remained at a low point, it failed to gain market response for various reasons. But now, amid the expansion of stablecoins, DeFi, and tokenized assets (RWA), it has established itself as the key blockchain for institutional capital inflows."