Why 90 Percent of Stablecoin L1s Will Fail in 18 Months
• Stablecoin, Blockchain, FinTech
The race is on to build stablecoin-native blockchains, but most will fail. Private networks promise regulatory comfort at the cost of adoption, while public blockchains require true openness. Winning networks will not be owned by issuers but by infrastructure players who understand that in crypto, selling shovels beats digging for gold.