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Banks Might Soon Own Ethereum – Here’s Why

  • Stablecoins are deepening the connection between traditional finance and the crypto world, with Ethereum at the center of it all.
  • Financial giants like JPMorgan and Goldman Sachs may start running validators on the Ethereum network by acquiring and staking ETH to secure stablecoin infrastructure.
  • Ethereum hosts most stablecoin activity and stands to benefit from the market's potential growth, with firms like Bitmine Immersion launching a $250 million round to purchase ETH.
  • Investors, including Pantera and Kraken, believe in Ethereum's future as a financial infrastructure, emphasizing the importance for banks to own a stake in it for long-term benefits.

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