Solana co-founder: Stablecoins are expanding, not replacing, the US dollar.

According to Odaily Planet Daily, at the Solana Breakpoint conference, Solana co-founder Anatoly Yakovenko stated that the core of achieving growth lies in continuously building products that people need. He emphasized that stablecoins are the current clear direction, and it is expected that between $1 trillion and $10 trillion worth of stablecoins will be on-chain in the future, driving the gradual tokenization and on-chaining of approximately $500 trillion in global assets.

Anatoly argues that the strong property rights protection brought by public blockchains and cryptography does not conflict with free-market capitalism and the logic of Wall Street. Rather, they complement each other by eliminating faults and risks through software, thereby expanding the financial scale of Wall Street at a faster pace. He emphasizes that stablecoins are expanding rather than replacing the US dollar, and that L1, especially PoS networks, have a clear value capture mechanism. Solana aims to capture the largest possible share in this competition.