Stablecoin giants are laying out proprietary blockchains to enhance settlement efficiency and compliance.

[Chain News] On August 17, Circle and Stripe are building their proprietary Blockchain, and startups Plasma and Stable have recently raised funds to develop a dedicated chain for USDT (USDT). Securitize is collaborating with Ethena to build Converge, and Ondo Finance announced earlier this year the upcoming launch of an internal chain. Additionally, Dinari stated that it will soon launch a layer-1 network driven by a public chain for the settlement and clearing of tokenized stocks. Sygnum's Chief Customer Officer Martin Burgherr stated that establishing their own L1 is to control and strategically position themselves. The economics of stablecoins are determined by settlement speed, interoperability, and regulatory coordination, thus having a foundational layer allows companies to directly embed compliance, integrate forex engines, and ensure predictable fees. Nowadays, stablecoin issuers rely on Ethereum, TRON, or other stablecoins for settlement, and this reliance means they must bear the risks of external fee markets, protocol governance decisions, and technological bottlenecks.

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Web3ProductManagervip
· 08-17 15:52
just ran some quick cohort analysis... looks like everyone's jumping on the private chain bandwagon rn but where's the retention data?
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MEVHuntervip
· 08-17 15:52
ngmi... all these private chains = more alpha leakage and harder sandwich ops
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DaoDevelopervip
· 08-17 15:42
interesting - everyone's racing to build their own chain now... reminds me of 2017 ico craze tbh
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AirdropHuntervip
· 08-17 15:38
bull has created its own chain.
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