Every day, there seems to be a new block chain for Stablecoins.
Or at least that’s how it felt this week, when usdc (USDC) Emier Circle announced ARC, its own liquidation network, shortly after the Giant Stripe payments accidentally revealed the tempo, built in collaboration with Paradigm.
They were the last in a growing list. Startups plasma and recently recently stable funds to develop dedicated chains for the USDT (USDT)the $ 160 billion and the largest market stable.
Tokenization players are also accumulating.
Securitize is building converge with Ethena, Ondo Finance announced her next internal chain earlier this year, and, just a few days ago, Dinari said she will soon launch a 1 layer 1 with avalanche to clean and resolve tokenized actions.
The stable and the tokenized assets of the real world are rapid growth segments of the cryptographic economy, and analysts project them to swell in billion dollars assets classes in the not too distant future. Stablecoins is about to interrupt cross -border payments, while tokenization allows traditional instruments such as bonds, funds and actions to trade around the clock with faster settlements in the Blockchain rails, the defenders say.
Read more: Stablecoin’s payments projected to overcome $ 1T annually by 2030, says market manufacturer Keyrock
Why build L1S?
Today, the vast majority of these tokens live and are established in public blockchains such as Ethereum, Solana or Tron. These neutral networks give the emitters a global and liquidity scope, but they also come with certain restrictions for asset emitters.
“Building your own L1 is about strategic control and positioning, not just technology,” said Martin Burgherr, Customer Director at Crypto Bank Sygnum.
The stablecoin economy is formed by the speed of settlement, interoperability and regulatory alignment, so “possessing the base layer” allows companies to directly embed compliance, integrate the currency engine and guarantee predictable rates, he said.
There is also a defensive reason. “Today, Stablecoin issuers depend on Ethereum, Tron or others for the agreement,” Burgherr said. “That trust means exposure to external rates markets, protocol government decisions and technical bottlenecks.”
Personalized chains allow companies to emit their own gas tokens, control transaction costs and maintain the performance of the isolated network of an unrelated activity that can obstruct the network, said Morgan Krupettsky, vice president of ecosystem growth in Ava Labs.
More and more, he said, block chains are becoming the “central office and back” of a company’s operations, promoting transactions behind the scene, while user -oriented applications can live in multiple chains.
“The idea of a company that has and personalize its blockchain infrastructure from extreme to extreme is increasingly attractive,” he said.
The economy can be even more convincing than technology. “The income opportunity to own the settlement layer will eclipse the traditional payment processing margins, said Guillaume Poncin, technology director of the Web3 Alchemy web development platform.
He said that new chains can offer additional control and the ability to implement knowledge of knowledge. (KYC) controls and other innovations at the protocol level. While L1 can offer full customization, rolls are faster to implement and ensure.
In any case, Poncin said, compatibility with Virtual Machine Ethereum (EVM) It makes it much easier to integrate with other blockchains and speed adoption.
How could this affect existing L1s?
It is too early to know how new chains will affect the headlines, but some networks may feel the competition before others, analysts said.
Coinbase analysts led by David Duong argued in a Friday report that the TEMPO of ARC and Stripe de Circle is pointing to high -performance and low -cost payments, which are those of Solana. (SUN) Sweet point. Meanwhile, Ethereum with his user base with his institution is less likely to be interrupted in the short term, they wrote.
The process for participants to win users, said Burgher de Sygnum.
“The new participants will not only need technology, but also years of confidence construction to change the deepest liquidity and the highest value payments far from the starting rails,” he said. “Financial institutions reward security, integration of custody and resistance under stress of the real world.”
“That is why Ethereum is still the institutional ‘Fort Knox’,” he said.
