Ethereum is poised to take the lead in the stablecoin boom, becoming the preferred blockchain for Wall Street institutions entering a digital dollar era. According to VanEck CEO Jan van Eck, these institutions will likely adopt Ethereum for stablecoin transactions. “Every bank and every financial services company needs to find a way of handling stablecoins”, warns van Eck, adding that falling behind could lead to customers leaving them. He has dubbed Ethereum the “Wall Street token” due to its readiness for institutional-grade infrastructure. The accelerated adoption of stablecoins by banks is fueled by the US’s Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act passed earlier this year.