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1 Reason to Buy Ethereum (ETH)

TheMotleyFool

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Ethereum (CRYPTO: ETH) is the backbone of a whole world of decentralized applications, or dApps. Whether it's decentralized finance (DeFi), gaming, non-fungible tokens (NFTs), or governance applications, the lion's share of them are built on Ethereum's ecosystem. That includes stablecoins, today's blockchain superstar.

Analysts at Standard Chartered predict that the stablecoin market could grow from around $230 billion today to $2 trillion in just three years. Whatever shape that takes, Ethereum is likely to benefit. After all, it's currently home to more than half the current stablecoin market, per DefiLlama.

Image source: Getty Images.

Source Fool.com

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