BREAKING
153d 9h ago

Vitalik Buterin Praises Codex L2 for Unlocking Cheap Stablecoin Transactions on Ethereum

ETH

ETH/USDT

$2,113.64
-7.22%
24h Volume

$37,939,871,804.04

24h H/L

$2,293.99 / $2,068.20

Change: $225.79 (10.92%)

Long/Short
79.4%
Long: 79.4%Short: 20.6%
Funding Rate

+0.0040%

Longs pay

Data provided by COINOTAG DATALive data
Ethereum
Ethereum
Daily

$2,087.22

-2.84%

Volume (24h): -

Resistance Levels
Resistance 3$2,820.15
Resistance 2$2,294.17
Resistance 1$2,149.26
Price$2,087.22
Support 1$2,068.20
Support 2$1,940.12
Support 3$1,532.78
Pivot (PP):$2,109.73
Trend:Downtrend
RSI (14):22.5

COINOTAG News (September 5) reported that Ethereum co-founder Vitalik Buterin stated on social media that cheap stablecoin transactions remain among the most important sources of value at scale that cryptocurrency currently offers, highlighting their role in on-chain liquidity and payment efficiency.

Buterin also expressed approval of Codex entering the market as an Ethereum L2 solution, noting the project’s early consideration of synergies with Ethereum L1. His remarks underline the industry focus on layered architectures to optimize throughput and cost for stable-value transfers.

For market participants and protocol developers, the emphasis on low-cost stablecoin settlement reinforces priorities around interoperability, transaction finality, and operational efficiency rather than speculative features, offering a pragmatic lens for assessing L2 integrations.

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