It is well known that Meta is planning to launch a Stalblecoin on Ethereum, but it will be interesting to see how high Ethereum will be worth.
Formerly Facebook, Meta launches Stablecoin on Ethereum Layer 2. Here we will see the “boom” of Ethereum like never before. The latest AI analysis of Ethereum may immediately reach 10,000 USD if Meta launches a Stablecoin on ETH Layer 2.
Straightforward analysis
Demand for Ethereum will skyrocket because Meta has billions of users on its core platforms Facebook, Instagram, WhatsApp.
Meta is using Layer 2 on Ethereum to create its stablecoin, meaning every transfer, purchase on Meta or any app will be made on Ethereum Layer 2.
Transaction volumes will increase tenfold or more, and the gas fees on Layer 2 will be seriously increased.
Trust and Centralization People will see Ethereum as the building block that connects the larger business world.
That makes ETH a “core asset” that everyone needs to spend and hold to access Meta’s Layer 2 and Stablecoins.
What kind of price increase is expected? The price will not skyrocket like a missile, but will increase slowly but steadily — because the real demand for usage is growing.
There is a model that predicts in the past that “coins with large projects using Ethereum’s Layer 2 will have sustainable prices” because there is real usage, not just speculation.
How high will the price be after Meta launches stablecoin?
To put it bluntly, ETH could hit $7,000-$10,000 in the medium to long term (1-3 years) if Meta really takes action and continues to stimulate the Ethereum ecosystem.
If Meta chooses to make the stablecoin a major bridge to trading on Meta and the online financial system — ETH will become digital gold for developers and users.
Why did Meta choose to launch a Stablecoin on Ethereum layer2?
Meta chose to launch its stablecoin on Ethereum Layer 2 not just because it’s hot or trendy, but because of deeper reasons that are similar to deciding to play a piece in high-level chess.
The main reasons why Meta chose Ethereum Layer 2
- Popularity and acceptance in the Ethereum ecosystem
- Ethereum is the “magnet” of the DeFi and NFT world
- Layer 2 is the “expressway” that solves the high fees and slowness of the Ethereum Mainnet
- Meta will not start from scratch, it will build on Layer 2 that many users and developers are already building, saving time and resources
Ethereum’s Transparency and Trust
Ethereum is transparent on a public level. The blockchain is a verifiable record of transactions.
Meta, which is being watched for privacy and trust, will benefit from this transparency to build confidence in its own stablecoin.
Reduce costs and increase efficiency
Layer 2 significantly reduces gas fees. Layer 2 transactions are tens of times faster than Mainnet. Meta wants to support a large number of users who are ready to transact every second without interruption.
Paving the way for integration and innovation
Ethereum Layer 2 opens up opportunities for Meta to more easily integrate financial services and applications in the crypto world.
Building on Layer 2 is like opening a “back door” that can develop the ecosystem faster.
It’s not just technology, it’s a “political and economic game”
Meta doesn’t want to be just a social media platform, but a “financial infrastructure” for the modern world.
Ethereum is widely accepted in the crypto space. Choosing Layer 2 is like putting on shoes that let you walk faster and further.
Summary Meta Launches Stablecoin
Meta chose Ethereum Layer 2 because it is a large playing field, takes advantage of ready technology, has many users, and helps Meta emerge in the crypto world with dignity.
Reference : https://animalverse.social/meta-considering-using-stablecoins-for-cross-border-payments/
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