X @mert | helius.dev
mert | helius.devยท2025-09-11 01:56
Stablecoin Ecosystem Analysis - The Solana ecosystem has a dominant stablecoin, USDC, which captures all the yield [1] - This yield should be distributed to Solana users and applications through mechanisms like buy/burn or direct returns [1] - The current situation where USDC captures all yield and potentially funds competitors is not ideal [2] Market Opportunity - Stablecoins are becoming commoditized and more competitive, creating an opportunity for change [1][2] - Solana builders should demand more from stablecoins to improve their products and grow the ecosystem [1] - This shift is described as an "insane no-brainer" for Solana's future [1]