Ethereum is becoming the global settlement layer for on-chain assets says Alec Beckman

The article discusses how Ethereum is becoming the global settlement layer for on-chain assets, fulfilling the original promise of Bitcoin's peer-to-peer electronic cash system. Unlike Bitcoin, which is too volatile for daily use, Ethereum's programmability has enabled the creation of stablecoins, such as USDC and USDT, which settle trillions in peer-to-peer value across borders 24/7. Ethereum's scale and infrastructure are being used by institutions, including BlackRock and Franklin Templeton, to issue regulated assets, tokenize real-world assets, and enable native yield through staking.

Key Points:

• Ethereum is becoming the global settlement layer for on-chain assets
• Ethereum's programmability has enabled the creation of stablecoins
• Ethereum's scale and infrastructure are being used by institutions
• Ethereum is fulfilling the original promise of Bitcoin's peer-to-peer electronic cash system