Stablecoin Market Dynamics - The industry predicts the eventual abstraction of stablecoin tickers, displaying just "USD" instead of specific tickers like USDC or USDT [1][4] - Payment-specific chains are emerging as issuers anticipate margin compression and potential rate cuts [2] - Apps with distribution are expected to demand more from stablecoin issuers, potentially leading to the release of their own stablecoins [2] Liquidity and Competition - Fragmentation of liquidity is a potential problem arising from the proliferation of stablecoins [3] - The industry identifies several solutions to liquidity fragmentation, including aligned stablecoins, unified liquidity layers, and payment chains [3] - Stablecoin issuers are competing down to zero, prompting apps to seek better deals [1] Strategic Recommendations - Apps with distribution should aggressively pursue the best deals possible from stablecoin issuers [5] - Apps should consider abstracting the USD ticker on the frontend to foster competition among issuers [6]
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mert | helius.dev·2025-09-13 17:50