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fidelity thinks eth’s the new digital economy savior, stablecoins flocking to ethereum like pigeons in a park, and eth fees dropping to make us all rich 🍲! ETH going brrrr, leaving btc in the dust,
The main dishes to remember: 🍲
– ETH is increasingly seen as a reserve asset in the digital dollar economy, with over 54% of stablecoins issued on Ethereum.
– Fidelity views Ethereum as a sovereign digital economy, with ETH serving as a store of value and medium of exchange.
– Reports suggest ETH fee reduction is a strategic move towards mass adoption, paving the way for increased value. 📈
Ether (ETH) surged 23% last week, outperforming Bitcoin and the broader crypto market. Despite reaching $3,400, ETH still trades below its November 2021 peak of $4,855. Ethereum’s narrative now focuses on alignment with traditional finance through stablecoin and real asset tokenization, moving beyond NFTs and DEFI hype. 🚀
Eth’s is a reserve asset, digital oil and the next tradfi bet
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