VanEck Says One Altcoin Ecosystem Seeing Early Institutional Tokenization Interest Amid Surge in Stablecoins

Description

Crypto asset management giant VanEck says that one altcoin project is flashing major signs of institutional adoption. In a new report , VanEck highlights the growth of the Hedera (HBAR) ecosystem, which the firm notes in July, saw a price increase of over 70% due to a “wave of partnerships, network growth, and broadening institutional legitimization.” VanEck named several examples of notable adoption of the Hedera network in July, including the Reserve Bank of Australia’s Project Acacia , which ...