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.

robot
Abstract generation in progress

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."

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)