📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
Analysis: Companies like Circle and Stripe create proprietary Blockchains to have their own Settlement channels, aiming to improve the efficiency, Compliance, and revenue of digital asset payments.
CoinVoice has learned that, according to CoinDesk, Circle and Stripe are building their proprietary Blockchain, joining an increasing number of projects aimed at launching stablecoins and tokenized asset chains. Startups Plasma and Stable have recently raised funds to develop a dedicated chain for USDT (USDT).
Securitize is collaborating with Ethena to build Converge, Ondo Finance announced earlier this year the upcoming launch of an internal chain, and just a few days ago, Dinari stated that it will soon launch an Avalanche-driven layer-1 network for the clearing and settlement of tokenized stocks.
Sygnum's Chief Customer Officer Martin Burgherr stated, "Establishing our own L1 is about control and strategic positioning. The economics of stablecoins are determined by settlement speed, interoperability, and regulatory alignment, so having a base layer allows companies to directly embed compliance, integrate foreign exchange engines, and ensure predictable costs."
In addition, there are defensive motives. "Today, stablecoin issuers rely on Ethereum, Tron, or other stablecoins for settlement," Burgherr said. "This reliance means they have to bear the risks of external fee markets, protocol governance decisions, and technical bottlenecks."