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Analyst Highlights Ethereum's Role in Global Dollar Liquidity Settlement
Leon Waidmann shared insights on the X platform, emphasizing Ethereum's evolving role beyond being a smart contract platform. Ethereum has become a crucial settlement layer for global dollar liquidity, processing approximately $90 billion to $100 billion in stablecoin transfers daily. These transactions primarily involve USDT and USDC, used for payments, financial management, and settlement, representing genuine on-chain value flow rather than DeFi cycles or incentive mining.
Waidmann noted that while other blockchains are experiencing growth, substantial funds continue to settle on the Ethereum mainnet. Users are willing to pay transaction fees due to the network's settlement certainty and credibility. Stablecoins enhance blockchain utility, while Ethereum provides the reliability needed for stablecoin transactions.
#ETH #USDT #USDC $ETH