Solana Co-founder Toly: Stablecoins are the clear direction at present, and Solana aims to capture as much market share as possible in the competition.

Foresight News on-site report, Solana co-founder Anatoly Yakovenko stated at the Solana Breakpoint conference that the key to growth lies in continuously building products that people need. He emphasized that stablecoins are the current clear direction, with an expected 1 to 10 trillion US dollars in stablecoins to be on-chain in the future, driving the gradual tokenization and on-chain of approximately 500 trillion US dollars in global assets. He explained that the strong property rights protection brought by public chains and cryptography do not conflict with free-market capitalism and Wall Street logic, but instead eliminate failures and risks through software to achieve complementarity, thereby expanding Wall Street’s financial scale at a faster pace. He stressed that stablecoins are an expansion rather than a replacement for the US dollar. L1, especially PoS networks, have clear value capture mechanisms, and Solana aims to capture as much market share as possible in this competition.