SharpLink CEO Cites Ethereum’s 54.1% Stablecoin Share in Institutional Case

SharpLink CEO Joseph Chalom urged institutions to weigh Ethereum’s existing activity in stablecoins and tokenized assets when choosing public blockchains, arguing that capital and liquidity already concentrate there. In a Nov. 9 interview, Chalom cited Ethereum’s 54.1% share of the world’s $163 billion in stablecoins and 41% share of tokenized assets. He used those figures to make the case that institutions entering public blockchains should consider where money and liquidity are already concentrated. Ether (ETH) has underperformed Bitcoin (BTC) this year. Chalom’s argument focused on Ethereum’s activity in stablecoins and tokenized assets as reasons for institutional interest. SharpLink, a Nasdaq-listed company with an Ethereum treasury strategy, held 888,938 ETH valued at $1.88 billion. BitMine held 6,060,506 ETH worth $12.82 billion and was the larger corporate Ether holder.

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