Every day it seems to be a new blockchain for stableecoins.
Or at least that’s how it felt this week when USDC (USDC) Issuer Circle announced ARC, his own settlement network, shortly after payments Giant Stripe accidentally revealed Tempo, built in collaboration with Paradigm.
They were the latest on a growing list. Startups Plasma and Stable Collected both funds recently to develop dedicated chains to USDT (Usdt)The $ 160 billion and largest stableecoin on the market.
Tokenization players also jump in.
Securitize is building convergering with Ethena, Ondo Finance announced its upcoming internal chain earlier this year, and just days ago Dinari said it will soon be launching an avalanche-driven Layer-1 network for clearing and setting for tokenized warehouses.
StableCeCoins and tokenized assets in the real world are rapidly growing segments in the crypto economy, and analysts project them to fuck in trillion dollars asset classes in the not too distant future. Stableecoins are ready to disrupt cross-border payments, while tokenization allows traditional instruments such as bonds, foundations and shares that deal with the clock with faster settlements on blockchain rails, advocates say.
Read more: StableCOin payments projected for top $ 1 year annually by 2030, says Market Maker Keyrock
Why build L1s?
Today, the vast majority of these symbols live on public blockchains such as Ethereum, Solana or Tron. These neutral networks provide issuers global reach and liquidity, but they are also delivered with certain restrictions for asset issuers.
“Building their own L1 is about control and strategic positioning, not just technology,” said Martin Burgherr, chief clients in Crypto Bank Sygnum.
StableCOineconomics is shaped by settlement speed, interoperability and regulatory adjustment, so “owning the base layer” lets companies directly integrate compliance, integrate currency engine and secure predictable fees, he said.
There is also a defensive motive. “Today, stableecoin issuers depend on Ethereum, Tron or others for settlement,” said Burgher. “This addiction means exposure to external fee markets, decisions on protocol management and technical bottlenecks.”
Custom chains allow companies to issue their own gas -tokens, control transaction costs and keep networking in isolation from non -related activity that can clog the network, said Morgan Kruppetsky, VP for ecosystem growth at AVA Labs.
Increasingly, she said, Blockchain’s “Central and Back Office” becomes in a company’s operations that drive transactions behind the scenes, while user-facing apps can live across multiple chains.
“The idea of a company that owns and adapts their end-to-end blockchain infrastructure is becoming increasingly appealing,” she said.
The economy can be even more compelling than the technique. “The revenue option from owning the settlement team will dwarves traditional payment treatment margins, said Guillaume Poncin, technology officer on Web3 Development Platform Alchemy.
He said the new chains can offer additional control and the ability to implement knowledge-your customers (Kyc) Control and other innovations at the protocol level. While L1s can offer full customization, Rollups is faster to implement and secure.
In both cases, poncin noticed, compatibility with Ethereum virtual machine (Evm) Make it much easier to integrate with other blockchains and speed shooting.
How could this influence existing L1s?
It is far too early to tell how the new chains will affect the established companies, but some networks may feel competition before than others, analysts said.
Coinbase analysts led by David Duong argued in a Friday report that Circle’s ARC and Stripe’s Tempo are targeting payments with high flow, which is Solana’s (Sun) Sweet spot. Meanwhile, Ethereum with its institutional user base is less likely to be disturbed in the short term, they wrote.
The process for the participants to win over users could take years, said Sygnum’s Burgher.
“New participants need not only technology, but also years of trust building to move the deepest liquidity and highest values away from established rails,” he said. “Financial institutions prices proven security, custody integration and resilience during stress in the real world.”
“That’s why Ethereum is still the institutional ‘Fort Knox,'” he said.
