Ethereum Is At The Forefront Of The Financial Services Revolution, Bernstein Says
The current momentum in blockchain markets represents a fundamental shift in financial infrastructure rather than another speculative crypto wave, according to Bernstein‘s latest memo.
The firm characterizes the ongoing surge, driven by stablecoins, tokenized assets, and Ethereum‘s (CRYPTO: ETH) growing dominance, as a “blockchain financial services cycle,” signaling structural transformation instead of cyclical hype.
What Happened: In a note sent to Benzinga on Monday, the analysts described how recent developments, particularly the bipartisan passage of the U.S. GENIUS Act and the public listing of Circle (NASDAQ:CRCL), have solidified stablecoins as regulated digital cash.
The GENIUS Act, signed into law by President Donald Trump, formally legalizes the use of stablecoins in digital payments, marking a critical turning point in U.S. financial regulation.
Bernstein emphasizes that this regulatory clarity is helping shift blockchain technology from speculative use cases to core financial infrastructure.
Ethereum has emerged as the principal beneficiary of this transformation.
With over 60% of USDC (CRYPTO: USDC), the leading dollar-backed stablecoin issued on Ethereum, and nearly a third of the $25 billion in tokenized assets operating on its network, …
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