Every day, there seems to be a new blockchain for the stablecoins.
Or at least that’s how it was this week, when USDC (USDC) Coming Circle has announced that ARC, its own regulation network, shortly after the payments giant, Stripe, accidentally revealed a tempo, built in collaboration with Paradigme.
They were the last on a growing list. Plasma and stable startups have recently collected funds to develop dedicated channels for the USDT (Usdt)The $ 160 billion and the largest stablecoin on the market.
Tokenization players also accumulate.
Sécurize built converges with Ethena, Ondo Finance announced its next internal channel earlier this year and, just days ago, Dinari said that it will soon launch a Layer-1 network fed by Avalanche to clean and settle token stocks.
Stablecoins and assets of the real tokenized world quickly increase the segments of the cryptographic economy, and analysts project them inflate in asset classes of billions of dollars in the not too distant future. Stablecoins are about to disturb cross -border payments, while tokenization allows traditional instruments such as obligations, funds and actions are negotiated around the clock with faster establishments on blockchain rails, according to supporters.
Read more: Stablecoin payments planned to reach 1 t $ per year by 2030, says Kaker Kaker Kaker
Why build L1?
Today, the vast majority of these tokens live and settle on public blockchains like Ethereum, Solana or Tron. These neutral networks give the transmitters the world’s scope and the liquidity, but they are also delivered with certain constraints for active transmitters.
“The construction of their own L1 concerns the control and strategic positioning, not just technology,” said Martin Burgherr, director of customers of the Sygnum Crypto Bank.
The economy of Stablescoin is shaped by the speed of settlement, interoperability and regulatory alignment, so that “possession of the base layer” allows companies to directly integrate compliance, integrate the exchange engine and ensure predictable costs, he said.
There is also a defensive motif. “Today, stablecoin issuers depend on Ethereum, Tron or others for the regulations,” said Burgerr. “This dependence means exposure to external costs of costs, the governance decisions of the protocol and the technical bottlenecks.”
Personalized channels allow companies to issue their own gas tokens, control transaction costs and maintain the isolated network performance of unrelated activity that can obstruct the network, said Morgan Krupetsky, vice-president of ecosystem growth at Ava Labs.
Increasingly, she said, blockchains become the “environment and back office” of business operations, fueling behind-the-scenes transactions while user-oriented applications can live through several channels.
“The idea of a company with and personalizing its blockchain infrastructure from start to finish is increasingly attractive,” she said.
The economy can be even more convincing than technology. “The opportunity for income to have the regulation layer will eclipse the treatment of traditional payments, said Guillaume Poncin, director of technology of the web development platform Alchemy.
He said that new channels can offer additional control and the possibility of implementing the customer (KYc) Controls and other innovations in the protocol. Although L1S can offer complete personalization, Rollups are faster to deploy and secure.
In both cases, noted Poncin, compatibility with Ethereum Virtual Machine (EVM) Makes much easier to integrate with other blockchains and the adoption of speed.
How could it have an impact on existing L1s?
It is too early to say how the new channels will have an impact on the holders, but some networks may feel the competition earlier than others, analysts said.
Coinbase analysts led by David Duong argued in a Friday report that Circle’s Arc and Stripe tempo are targeting high speed payments, which is solana that of Solana (GROUND) Sweet Spot. Meanwhile, Ethereum with its base of heavy users of institution is less likely to be disturbed in the short term, they wrote.
The process that participants can conquer users may take years, said Burgherr de Sygnum.
“New entrants will need not only technology, but also years of strengthening confidence to move the deepest liquidity and the highest payments of the rails in place,” he said. “Financial institutions deprive proven security, integration of custody and resilience under real stress.”
“This is why Ethereum remains the” Institutional Fort Knox “,” he said.
