{"id":33422,"date":"2025-08-28T13:44:01","date_gmt":"2025-08-28T10:44:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=33422"},"modified":"2025-08-28T13:45:20","modified_gmt":"2025-08-28T10:45:20","slug":"vaneck-ceo-labels-ethereum-as-wall-streets-token","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/vaneck-ceo-labels-ethereum-as-wall-streets-token\/","title":{"rendered":"VanEck CEO Labels Ethereum as &#8216;Wall Street&#8217;s Token&#8217;"},"content":{"rendered":"<p>Ethereum is poised to become the primary network for banks due to the increasing adoption of stablecoins, according to Jan van Eck, CEO of investment firm VanEck.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u201cEthereum is the Wall Street token,\u201d says <a href=\"https:\/\/twitter.com\/JanvanEck3?ref_src=twsrc%5Etfw\">@JanvanEck3<\/a>. <a href=\"https:\/\/t.co\/9NAqjh8r0x\">pic.twitter.com\/9NAqjh8r0x<\/a><\/p>\n<p>\u2014 VanEck (@vaneck_us) <a href=\"https:\/\/twitter.com\/vaneck_us\/status\/1960809026863956229?ref_src=twsrc%5Etfw\">August 27, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Van Eck believes that banks and financial companies will need to use blockchain to handle &#8220;stablecoins.&#8221; He described the second-largest cryptocurrency by market capitalization as &#8220;Wall Street&#8217;s token,&#8221; which is best suited for this purpose. In his view, Ethereum or a network with a similar architecture will emerge as the winner in this race.<\/p>\n<p>He emphasized that companies should adopt the technology to use stablecoins within the next 12 months. Van Eck is convinced that no financial organization will want to forgo accepting &#8220;digital dollars.&#8221; If a bank cannot conduct such transactions, clients will seek other firms.<\/p>\n<p>According to a recent report by <a href=\"https:\/\/forklog.com\/en\/news\/fireblocks-institutional-embrace-of-stablecoins-grows\">Fireblocks<\/a>, 90% of surveyed institutional players are already exploring the use of stablecoins.\u00a0<\/p>\n<p>The total market capitalization of these assets has exceeded $283 billion, according to <a href=\"https:\/\/www.coingecko.com\/en\/categories\/stablecoins\">CoinGecko<\/a>. Earlier, the US passed the <a href=\"https:\/\/forklog.com\/en\/news\/donald-trump-enacts-stablecoin-legislation\">GENIUS Act,<\/a> regulating payment &#8220;stablecoins.&#8221;<\/p>\n<p>VanEck offers an exchange-traded fund based on Ethereum. The <span data-descr=\"U.S. Securities and Exchange Commission\" class=\"old_tooltip\">SEC<\/span> <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-spot-ethereum-etfs-key-developments\">approved<\/a> the launch of the product in 2024. At the time of writing, the fund manages assets worth over $284 million, as <a href=\"https:\/\/www.vaneck.com\/us\/en\/investments\/ethereum-etf-ethv\/overview\/\">reported<\/a>.<\/p>\n<p>Van Eck&#8217;s statements come amid Ethereum&#8217;s growth. In August, the asset <a href=\"https:\/\/forklog.com\/en\/news\/week-in-review-ethereum-hits-a-new-ath-as-two-bitcoin-pools-seize-51-of-hashrate\">reached a new all-time high<\/a> above $4946. The cryptocurrency&#8217;s popularity is also bolstered by purchases from large companies. Over the past month, corporate treasuries have <a href=\"https:\/\/www.coingecko.com\/en\/treasuries\/ethereum\">acquired<\/a> ETH worth more than $6 billion.<\/p>\n<p>At the time of writing, the second-largest cryptocurrency by market capitalization is trading at $4608. Over the week, the coin&#8217;s price has increased by 7.7%.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdK3KHKUkYAtyGO1emdQyXY9qXprSy9zqj2Ok65vttT0x5MUHptuUKwiFEn0XQilJ_KBiV4Te526PPgoZ0Qn4wzSPzb1Y22hNP1ZkyUuqZzByKm5HrCFgTOmSZiMN3AFUv4eutBaw?key=d2HcjpFcY-H1KJ1750G5dA\" alt=\"CEO VanEck \u043d\u0430\u0437\u0432\u0430\u043b Ethereum \u00ab\u0442\u043e\u043a\u0435\u043d\u043e\u043c \u0423\u043e\u043b\u043b-\u0441\u0442\u0440\u0438\u0442\u00bb\"\/><figcaption class=\"wp-element-caption\">15-minute ETH\/USDT chart on Binance. Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Back in August, whale rotations in Ethereum <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-whale-activity-intensifies-pressure-on-bitcoin\">increased<\/a> pressure on digital gold.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum is poised to become the primary network for banks due to the increasing adoption of stablecoins, according to Jan van Eck, CEO of investment firm VanEck.<\/p>\n","protected":false},"author":1,"featured_media":33423,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Ethereum is set to become banks' main network due to stablecoin adoption, says VanEck's CEO.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,46,807,783],"class_list":["post-33422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-ethereum","tag-stablecoins","tag-vaneck"],"aioseo_notices":[],"amp_enabled":true,"views":"218","promo_type":"1","layout_type":"1","short_excerpt":"Ethereum is set to become banks' main network due to stablecoin adoption, says VanEck's CEO.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=33422"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33422\/revisions"}],"predecessor-version":[{"id":33424,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/33422\/revisions\/33424"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/33423"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=33422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=33422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=33422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}