Joseph Lubin, one of the co-founders of Ethereum and founder of Consensys, stated on social media that Ethereum has started a new era in global value transfer.
“Just as the internet fundamentally transformed the way information is transferred, Ethereum is transforming the way value is transferred. It offers a shared, open, and programmable monetary standard,” Lubin said.
Lubin said that Ethereum has been producing a block every 12 seconds for nearly a decade without interruption, and last year, over $25 trillion worth of value was moved through the network alone. Stating that Ethereum hosts the most stablecoins, real-world assets (RWA) and asset tokenization projects, Lubin stated that the network also offers local income generation capacity and has an advanced DeFi ecosystem with a re-staking mechanism.
Stating that thanks to these features of Ethereum, it paves the way for stablecoins that will replace the dollar in the global payment infrastructure, Lubin said, “Public markets are just starting to realize this fact.”
*This is not investment advice.