Tom Lee highlights the growing impact of stubcoins on both the digital and traditional financial scenes and how they benefit Ethereum.
Bitcoin, often referred to as digital gold, stands as the most prominent cryptocurrency in existence. Its rare property and historical price performance confirms this story and draws institutional interest seen today.
But Fundstrat CIO Tom Lee believes Ethereum can follow a similar path to Bitcoin and become the next big thing in the financial system. he Share The story, with the arrival of CNBC Squawk Box on June 30th, highlights the reasons behind the emotions.
Stablecoin: Ethereum Game Changer
Specifically, Lee told CNBC that legal financial institutions and their digital counterparts are beginning to converge, and that Stablecoin is the first catalyst for this unity. He described Stablecoins as Crypto’s Chatgpt, as their traction transcended the digital space to adopting the virus from banks and payment merchants.
Below these fiat hair cryptocurrencies is the Ethereum network. In particular, crypto enthusiasts see Ethereum as the smart contract layer of the crypto industry. This is because the idea of distributed financial finance (DEFI) was first born.
Surprisingly, the US has identified the possible impact of stubcoin on its economy. Therefore, hurry through Genius act to the law. Both Crypto Czar David Sacks and Treasury Secretary Scott Bessent have confirmed that Stablecoins can bring trillions of dollars into the US financial market. projection Crypto growth for USD pages ranging from $250 billion to $2 trillion.
Other companies are also considering entering the Stablecoin market. Companies Visa, MasterCard, Shopify and others are investigating Stablecoins integrations, but Amazon, Walmart, JP Morgan plans to create his own stubcoin.
Possible 10x Network Price Growth
Interestingly, Lee emphasized that over 51% of Stablecoins use Ethereum, and that utility generates 30% of all network charges on the blockchain. Meanwhile, he highlighted this in a previous tweet, stating the possible impact on the Ethereum network.
10/
Stablecoin fees are 30% of today’s Ethereum $eth network fees.– @secscottbessent recently said that the 2 trillion US$ market for Stable Coin > $2 trillion US$ market is reasonable
-This is exponential growth of 10 times the network fees for $ethereum
– Other countries can mint stablecoins = upside@fs_insight…pic.twitter.com/5mazu6gzha– Thomas (Tom) Lee (not a drummer) fsinsight.com (@fundstrat) June 28, 2025
As Bessent predicted, if Stablecoins on the USD page rises to $2 trillion, Lee noted that it marks an exponential ten-fold growth in revenues for Ethereum network fees. In particular, he emphasized that these numbers could increase as other countries begin to dye their own stupidity.
Essentially, this supports his paper that Ethereum could be the next Bitcoin.
Lee joins Bitmine as chairman
Meanwhile, Lee’s comments follow his appointment as chairman of the board of directors of Bitmine Immersion Technology on Monday. The company also announced that it has raised $250 million through private placements to strengthen its Ethereum financial strategy.
Lee believes Bitmine aims to take part in the Ethereum hoarding game before institutions flock in large numbers, just like Bitcoin. With the announcement, Bitmine’s shares surged from $4 to $50 on Monday, over 700%.
Bitmine will join a Nasdaq-registered Sharplink game to establish an Ethereum Reserve. Remember that the betting platform raised $1 billion in June to purchase Ethereum under the guidance of co-founder Joseph Rubin.
