Tom Lee has highlighted the rising impression of stablecoins in each the digital and conventional monetary scenes and the way they may profit Ethereum.
Bitcoin, sometimes called digital gold, stands as probably the most distinguished cryptocurrency in existence. Its scarce property and historic worth efficiency again this narrative, drawing the institutional curiosity seen right now.
Nonetheless, Tom Lee, the CIO of Fundstrat, believes that Ethereum might comply with an identical path to Bitcoin and change into the subsequent large factor within the monetary system. He shared this narrative in a CNBC Squawk Field look on June 30, highlighting the explanations behind the sentiment.
Stablecoin: A Recreation-Changer for Ethereum
Particularly, Lee informed CNBC that authorized monetary establishments and their digital counterparts are starting to converge, and stablecoin is the primary catalyst for this unity. He described stablecoins because the ChatGPT of crypto, as their traction has transcended the digital house to viral adoption from banks and fee retailers.
Beneath these fiat-pegged cryptocurrencies is the Ethereum community, a blockchain Lee sees because the spine and structure of stablecoins. Notably, crypto fans view Ethereum because the sensible contract layer of the crypto trade, because it was the primary to delivery the concept of decentralized finance (DeFi).
Remarkably, the USA has recognized the doable impression of stablecoins on its financial system; therefore, the haste to move the GENIUS Act into regulation. Each crypto czar David Sacks and Treasury Secretary Scott Bessent have acknowledged that stablecoins might herald trillions of {dollars} to the US treasury market, with the latter projecting a progress of USD-pegged cryptos from $250 billion to $2 trillion.
Different firms are additionally seeking to enter the stablecoin market. Corporations equivalent to Visa, Mastercard, and Shopify are exploring the mixing of stablecoins, whereas Amazon, Walmart, and J.P. Morgan plan to create their very own stablecoins.
Doable 10x Community Charges Progress
Apparently, Lee highlighted that over 51% of stablecoins are on Ethereum, and their utility generates 30% of all community charges for the blockchain. In the meantime, he had highlighted this in an earlier tweet, stating its doable impression on the Ethereum community.
10/
Stablecoin charges are 30% of Ethereum $ETH community charges right now:– @SecScottBessent lately mentioned >$2 trillion USD marketplace for stablecoins is cheap
– that is 10X exponential progress in community charges for $ETH Ethereum
– different nations could mint stablecoins = upside@fs_insight… pic.twitter.com/5mAzU6GZHa— Thomas (Tom) Lee (not drummer) FSInsight.com (@fundstrat) June 28, 2025
If USD-pegged stablecoins rally to $2 trillion, as Bessent projected, Lee famous that it might mark an exponential 10x progress in Ethereum community charges income. Notably, he emphasised that these figures could improve as different nations start to mint their very own stablecoins.
Primarily, this backs his thesis that Ethereum will be the subsequent Bitcoin.
Lee Joins BitMine as Chairman
In the meantime, Lee’s feedback comply with his appointment as chairman of the board of administrators for BitMine Immersion Know-how on Monday. The agency additionally introduced that it has raised $250 million via personal placements to bolster its Ethereum treasury technique.
Lee believes that BitMine goals to enter the Ethereum hoarding sport earlier than establishments flock in en masse as they did with Bitcoin. With the announcement, BitMine’s inventory surged over 700% on Monday from round $4 to $50.
BitMine joins Nasdaq-listed SharpLink Gaming to ascertain an Ethereum reserve. Recall that the betting platform raised $1 billion in June to purchase Ethereum underneath the tutelage of co-founder Joseph Lubin.
