Circle and Stripe explore dedicated blockchain to enhance payment efficiency

According to Hash World Chain news, Circle and Stripe are building their own blockchain, aiming to enhance the efficiency, compliance, and revenue of digital asset payments. Recently, the startup Plasma and Stable have also raised funds to develop a dedicated USDT chain. Securitize is collaborating with Ethena to build Converge, while Ondo Finance announced earlier this year the upcoming launch of an internal chain. Additionally, Dinari expressed plans to soon launch an Avalanche-driven layer-1 network for the clearing and settlement of tokenized stocks. Martin Burgherr, Chief Customer Officer of Sygnum Crypto Bank, noted that establishing their own L1 is to maintain control and strategic positioning. The economics of stablecoins depend on settlement speed, interoperability, and regulatory coordination. Therefore, having a foundational layer allows companies to directly embed compliance, integrate foreign exchange engines, and ensure predictable fees. Currently, stablecoin issuers rely on Ethereum, Tron, or other stablecoins for settlement, and this reliance means they bear the risks of external fee markets, protocol governance decisions, and technical bottlenecks.