Stablecoins deserve better, and they’re finally getting it

Stablecoins were initially envisioned as a revolution in payments, offering near-instant and near-zero cost settlements compared to traditional banking. However, they have not fully met this promise because transaction settlement times vary widely and can take minutes or hours depending on the underlying blockchain (e.g., Ethereum vs. Solana), and high gas fees persist on congested networks. These inefficiencies cause significant costs: inconvenience and cart abandonment for consumers, and missed arbitrage opportunities and reduced profitability for professional traders. The high costs of poorly optimized blockchains degrade the overall user experience. The industry is responding by having stablecoin issuers launch their own dedicated, purpose-built blockchains optimized for payments, such as Tether's Plasma and Circle's Arc. While this addresses performance issues, the author warns against creating fragmented, siloed ecosystems that mimic the inefficiency of traditional finance. The ideal solution is the development of open, high-performance blockchains that allow all stablecoins to operate on equal footing to realize the promise of instant, borderless digital money.

(Source：Cointelegraph)