The Industrial and Commercial Bank of China (ICBC), the world's largest bank, recently called Ethereum $ETH "digital oil." ICBC praised the growth of both Ethereum and Bitcoin $BTC , likening BTC to gold for its scarcity and divisibility. It highlighted Ethereum's role in supporting Web3.0 innovations and stablecoins, noting its advancements in security, scalability, and sustainability.

ICBC highlighted, $ETH has been continuously upgrading its technology in terms of security, scalability and sustainability, providing technical power for the digital future. In addition, the introduction and development of stablecoins provide a bridge for the digital currency market to connect to the real world,”

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