Ethereum ‘backbone’ of stablecoins despite price, MrBeast CEO says amid new crypto venture

Ethereum, the $246 billion blockchain, just landed another major supporter. “We’re big fans of Ethereum,” Jeff Housenbold, Beast Industries president and CEO, said on Thursday. The executive went on to declare Ethereum the “backbone” of the stablecoin industry and touted the promise of decentralised finance, or DeFi, a sector whose apps offer borrowing, lending, trading and a host of other financial services on decentralised blockchain networks. “We think the DeFi movement is really important, and the ...