Analysis: Companies like Circle, Stripe, etc., are creating proprietary blockchains to have their own settlement layer, aiming to enhance the efficiency, compliance, and revenue of digital asset payments
BlockBeats News, August 17th, Circle and Stripe are building their proprietary blockchain, joining the ranks of an increasing number of projects aimed at launching stablecoin and asset tokenization chains. Startups Plasma and Stable have recently raised funds for developing a dedicated chain for USDT. Securitize is collaborating with Ethena to build Converge, Ondo Finance announced earlier this year its upcoming native chain, and just a few days ago, Dinari indicated it will soon launch a layer-1 network powered by Avalanche for tokenized stock settlement and clearance.
Cryptocurrency bank Sygnum's Chief Client Officer Martin Burgherr stated: "Building your own L1 is about control and strategic positioning. The stablecoin's economics are determined by settlement speed, interoperability, and regulatory coordination, so having a foundational layer allows companies to embed compliance directly, integrate forex engines, and ensure predictable fees.
Additionally, there is a defensive motivation. "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 technological bottlenecks." (CoinDesk)
You may also like

How to capture the next Alpha in the narrative of predictive markets?

"Legal" Ponzi scheme? Unveiling the circular lending of Gemini exchange and its founder

The first stock of stablecoins, Circle, has officially launched the new public chain ARC points system, and the interactive guide is here

Oil prices are approaching a critical point. What will happen in mid-April?

The oil price is approaching a critical point, what will happen in mid-April?

Mechanism drives value, deflation leads the future: MIAU will officially launch on PancakeSwap on April 13

Zhou Hang, the founder of Yidao Yongche: Cryptocurrency has finally arrived at its time to shine

Who else cannot be distilled into skill?

Who else cannot be distilled into skill?

The huge shock in the South Korean cryptocurrency market: How should traders view it?

From "Kimchi Premium" to Bithumb's Rectification: An Interpretation of the Current Situation in the South Korean Crypto Market

How to Automate Your Workflow with AI (No Code Required)

Conversation with Pantera Founder: Bitcoin Has Reached Escape Velocity, Traditional Assets Are Being Left Behind

Is it still worth buying Circle on the callback?

BIT Launches Landmark "Same Name Virtual Account" Feature: Ushering in a New Era of OTC Trading that is Convenient, Efficient, and Compliant

Further Oracle Integration Reveals Polymarket's Ambitions

CoinGlass: 2026 Q1 Cryptocurrency Market Share Research Report

