Get Ready For The Stablecoin Singularity
For a movement devoted to democratization, crypto has a weird obsession with supremacy plays. The latest fixation is the “stablecoin singularity” – an inflection point when programmable dollars flow as seamlessly as emails and the line between cash and code fades away.
That point may be closer than sceptics think. Stablecoins have already become the instrument of choice for moving money across borders and between platforms. Yet the pipes carrying them are starting to creak.
Most stablecoins ride blockchains built for broader purposes. Ethereum, Solana and Tron were designed to juggle smart contracts, digital art and speculative trading, not trillions in dollar-pegged tokens. The result is bottlenecks. Fees spike, settlements drag, and institutions hesitate.
Into the gap step a clutch of newcomers: blockchains designed solely for stablecoin finance. They promise lower costs, stricter compliance and smoother links to banks. Whether incumbents or challengers, the real question is whether any network can persuade risk-averse financiers to entrust it with the plumbing of global money.
Cash, coded
The scale of the prize is clear. In 2024 Tether’s USDT processed $15.5 trillion in payments – more than Visa. Roughly 400 million people rely on it for remittances, e-commerce and hedging against wobbly local currencies. Analysts at Kairos, a crypto research firm, call this the approach of the
About The Author
