2026-01-07 06:20:27

Why has the stablecoin market failed to explode yet?

When talking about the most promising assets in the crypto market, stablecoins always come to mind. USDT, USDC, these "digital dollars" inherently have application scenarios, and theoretically, they should be the fastest to land. But reality is often harsh—the payment potential has never been fully unleashed.

The fundamental problem might be here: stablecoins have long been built on public blockchains primarily designed for general-purpose computing. These blockchains can do everything, but nothing exceptionally well. For applications like payments and settlements, which require extremely high efficiency, low cost, and certainty, general-purpose blockchains are actually a bottleneck.

What if we change the approach? Could a chain specifically designed for payments and settlements, paired with highly liquid stablecoins like USDT, activate the "digital dollar" potential of stablecoins? This is precisely the question the industry has been pondering deeply since the end of 2025.

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FancyResearchLab

· 01-07 13:25

It's the old trick of "theoretically feasible" again. I'll try the dedicated chain to rescue the stablecoin first, doing a small experiment to see if we can crawl out of the hole.

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BTCBeliefStation

· 01-07 06:50

Basically, the public chain is too greedy, wanting to do everything but failing to do anything well. I think dedicated chains are a good idea, but the question is, who will build them and who will promote them...

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GlueGuy

· 01-07 06:50

That's right, the general chain is really big and comprehensive, but not refined... But as for dedicated chains, how many can actually run smoothly? It feels like just another round of narrative hype.

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MEVSandwichVictim

· 01-07 06:50

Basically, it's still the chain itself that didn't get it right. The universal chain is just a mishmash, and stablecoins inside it also suffer as a result.

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BlockchainBard

· 01-07 06:48

The general chain can do everything, but can't do anything well. I've seen through this a long time ago. Whether the dedicated payment chain is reliable or not remains to be seen.

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GmGmNoGn

· 01-07 06:45

That makes sense. The general chain is indeed underperforming. But I think there's another issue — users don't really care which chain you use; they just want it to be cheap and fast. Right now, stablecoins are still too expensive.

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