Wall Street backs Ethereum as ETH stablecoin dominance hits 54%
2025-07-18 19:18:41
Main Idea
Ethereum (ETH) is gaining significant momentum with a 20% rally, driven by U.S. policy support and institutional interest, positioning it as a key player in the digital dollar economy and the foundation for DeFi and NFTs.
Key Points
1. Ethereum's stablecoin dominance has reached 54%, with major institutions like BlackRock adding staking and treating ETH as a reserve asset.
2. Ethereum's recent 20% rally outperformed Bitcoin, signaling a potential shift in market dominance and the start of an altcoin season.
3. U.S. legislation such as the CLARITY and GENIUS Acts is supporting Ethereum's growth, particularly for yield-bearing stablecoins.
4. Institutional confidence is rising, with companies like SharpLink Gaming and Bitmine Immersion Technologies adding hundreds of millions in ETH to their treasuries.
5. Despite the bullish momentum, analysts caution that volatility remains a factor in Ethereum's price movements.
Description
From stablecoins to staking, ETH is becoming the reserve asset of the onchain economy.
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