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.