Solana Co-founder: Stablecoins are the clear direction at present, and Solana will capture as large a share as possible in the competition.

BlockBeats News, December 11, Solana co-founder Anatoly Yakovenko stated at the Solana Breakpoint conference that the core to achieving growth lies in continuously building products that people need. He emphasized that stablecoins are the clear direction at present, and it is expected that in the future, there will be 1 to 10 trillions of dollars worth of stablecoins on-chain, which will drive the gradual tokenization and on-chain migration of approximately 500 trillions of dollars in global assets.

Toly said that the strong property rights protection brought by public blockchains and cryptography does not conflict with free market capitalism and Wall Street logic, but rather complements them by eliminating failures and risks through software, thereby expanding Wall Street’s financial scale at a faster pace. He emphasized that stablecoins are expanding the use of the US dollar rather than replacing it, and that L1s, especially PoS networks, have clear value capture mechanisms. Solana’s goal is to capture as large a share as possible in this competition.