CEO of MrBeast's company supports Ethereum, calling it the "pillar" of stablecoins

February 28 News, Ethereum, with a market capitalization of approximately $246 billion, has received another major endorsement. Jeff Housenbold, President and CEO of Beast Industries, stated in an interview that the company is a strong supporter of Ethereum and called it the “pillar” of the stablecoin ecosystem.

Housenbold emphasized that decentralized finance is transforming traditional financial services by providing lending, trading, and cross-border transfer functions through blockchain technology, offering consumers lower costs, higher efficiency, and greater accessibility. He believes that DeFi infrastructure built on the Ethereum ecosystem will play a central role in the future financial system.

Beast Industries was founded by well-known creator MrBeast (real name Jimmy Donaldson) and has a large global fan base. The company’s business includes consumer goods, e-commerce, and entertainment content. Earlier this month, the company completed the acquisition of fintech firm Step and plans to launch a series of financial products to further expand digital assets and payment scenarios.

In January this year, Ethereum asset management firm Bitmine, chaired by Tom Lee, invested $200 million in Beast Industries, deepening cooperation in the digital asset field. Meanwhile, the company has applied for the “MrBeast Financial” trademark in the United States, hinting at future products related to crypto finance and blockchain payments.

Analysts point out that as Ethereum’s stablecoin ecosystem continues to expand and the integration of creator economy and fintech accelerates, entertainment brands entering crypto asset management and DeFi applications may become a new trend in the blockchain industry by 2026.