Ethereum is solidifying its status as the preferred blockchain for financial institutions, driven by a surge in stablecoin transactions. Jan van Eck, CEO of VanEck, has labeled Ethereum as the 'Wall Street token,' underscoring the need for banks to adopt this technology to stay competitive. The US Genius Act, enacted in July 2025, has propelled stablecoin supply beyond $280 billion, prompting banks to upgrade their systems for blockchain-based settlements. VanEck's Ether ETF, approved in 2024, now manages $284 million in assets, while BlackRock's ETH ETF has amassed $17 billion, reflecting robust institutional confidence. In 2025, Ethereum processed 62% of global stablecoin transfers, reinforcing its role as a critical financial infrastructure. S&P Global has praised Ethereum's Virtual Machine for its interoperability, further cementing its integration into traditional finance.