Quick thoughts on Ethereum's plan to support stablecoin fee payments (EIP-8141 targeting 2027 Hegotá). Is this good or bad for ETH? Saw some well-known English crypto media misinterpreting this today, claiming ETH will become useless. Let’s clear this up: This isn’t about replacing ETH with USDC/USDT for gas fees. It’s just that users will pay in stablecoins on the interface, but the protocol will still settle using ETH. In other words, if wallets and relayers widely adopt this, users won’t need to hold ETH themselves to interact with the network. This reduces friction for users, which actually benefits adoption and increases activity on the Ethereum network. Overall, this is a positive. Additionally, ETH demand will shift to the inventories and turnover of relayers, which is bullish for ETH as a settlement asset and institutional reserve. However, it doesn’t mean more automatic burning or that every transaction will involve spot buying. From a price perspective, what truly matters is still L1 settlement volume and sustained fees, not the fact that “you can seemingly pay gas with USDC.” L2 revenue sharing and whether big companies stockpile ETH are separate factors, not direct outcomes of this mechanism.