Consensys founder: Ethereum is the global settlement layer, and stablecoins will become global settlement currencies
06-03 15:11
Odaily News Joseph Lubin, founder of Consensys and co-founder of Ethereum, said in an article on the X platform that Ethereum is achieving the same transformation for value: it provides a shared, open, programmable currency standard. Ethereum is the global settlement layer, running uninterrupted every 12 seconds for nearly a decade, 24/7, and without error. Last year alone, it settled more than $25 trillion in value. Ethereum has the most stablecoins, real-world assets (RWA), and asset tokenization projects. At the same time, it is also an asset with native yield capabilities, with a built-in re-pledge mechanism and DeFi ecosystem. Stablecoins will soon replace the US dollar as the global settlement currency, and the public market is beginning to realize this. I am proud to lead a $425 million private placement for SharpLink to introduce Ethereum exposure to traditional capital markets. SBET hopes to benefit from Ethereum's native yield opportunities and use this to demonstrate these advantages to the public market.
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