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X @mert | helius.dev
mert | helius.devยท 2025-09-10 15:38
Stablecoin Strategy on Solana - Solana stablecoin landscape presents an opportunity to capture yield and potentially fund the Solana ecosystem instead of competitors [1] - Solana can achieve similar or greater success in the stablecoin market [2] - Digital Asset Treasury companies (DATs) on Solana can drive demand for SOL by using stablecoin yield to purchase SOL [2] - Integrating a Solana-centric stablecoin into the app layer allows for yield redistribution into ecosystem apps or burning SOL [3] Competitive Advantages - Stablecoins are essentially commodities that can be swapped, highlighting potential user exploitation [1] - Companies are aggressively competing for business, indicating the need for Solana to enhance its stablecoin offerings [1] - Existing stablecoin issuers on Solana should proactively improve their offerings to stay competitive [3] Potential Mechanisms - A Solana DAT running a Solana stablecoin (USDmanlet) can generate SOL revenue through yield utilization [2] - A portion (50%) of the yield from an enshrined Solana stablecoin could be used to burn SOL [4]