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

On December 11, 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 clear direction at present, with an expectation that 1 to 10 trillion dollars worth of stablecoins will be on-chain in the future, driving the tokenization and on-chain presence of approximately 500 trillion dollars of global assets. Toly said that the strong property rights protection brought by public chains and cryptography do not conflict with free-market capitalism and Wall Street logic; instead, they complement each other by eliminating faults and risks through software, thereby expanding Wall Street’s financial scale at a faster pace. He stressed that stablecoins are an expansion, not a replacement of the US dollar, and that Layer 1 networks, especially PoS networks, have clear value capture mechanisms. Solana aims to capture as much market share as possible in this competition.