Consensys founder: Ethereum is the global settlement layer, and stablecoins will become global settlement currencies

Odaily News Joseph Lubin, founder of Consensys and co-founder of Ethereum, wrote 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, without errors. 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 income capabilities, with a built-in re-pledge mechanism and DeFi ecosystem.
The public markets are beginning to realize that stablecoins will soon replace the dollar as the global settlement currency. We are proud to lead a $425 million private placement for SharpLink, bringing exposure to Ethereum to traditional capital markets. SBET hopes to benefit from Ethereum's native yield opportunities and demonstrate these advantages to the public market.