Foresight Ventures Stablechain Report: Specialized Blockchains Compete for a Share of the $250B+ Liquidity Market
Singapore, Singapore, September 25th, 2025, Chainwire
Foresight Ventures, a leading global crypto VC investing in next-generation payment infrastructure, has released its latest research, “Stablecoin L1/L2: Defining the Next Era of Global Payments”. The study delves into the emergence of application-specific blockchains purpose-built for stablecoin transactions and profiles five ambitious projects — Plasma, Stable, Codex, Noble, and 1Money — each aiming to become the dominant platform for digital dollar transactions in a world increasingly reliant on programmable money.
Stablecoins have become one of the few crypto technologies to gain significant traction in traditional finance, with trillions of dollars in annual transaction volume. However, their potential has been constrained by the limitations of the underlying technology.
The specialized blockchains described in the report aim to address some of these concerns by creating more controlled environments for stablecoin transactions, with built-in compliance features and stronger ties to traditional finance.
“The market is recognizing that general-purpose blockchains may not be optimal for specific use cases,” said Alice Li, Investment Partner at Foresight Ventures. “We’re seeing specialized infrastructure emerge specifically for stablecoin transfer. What makes this space particularly interesting is how different projects are approaching the same problem from different angles. Some are prioritizing raw performance, others regulatory integration and others user experience. It’s not yet clear which approach will prove most successful.”
The report breaks down the core layers of this new stack, analyzing how each project is competing to own a critical part of the value chain, from asset issuance and cross-chain settlement to enterprise-grade compliance and end-user payment experiences.
The analysis identifies several notable trends in this emerging sector:
- The market is segmenting, with different chains targeting specific niches. Some are leveraging deep ties with major issuers, like Tether, to capture existing liquidity, while others are partnering with entities, like Circle, to court institutional regulatory standards or are building entirely novel consensus mechanisms for unprecedented scale.
- A key battleground is the user experience of transaction fees. The report highlights revolutionary models, including protocol-sponsored gas for zero-fee transfers and the use of the stablecoins themselves for gas, eliminating the need for users to hold volatile native tokens.
- Success is increasingly tied to strategic alliances. The analysis details how integration with top-tier exchanges, custody providers, payment processors, and traditional financial institutions is becoming a critical moat and a leading indicator of potential adoption.
- Early metrics are already signaling promise. The findings point to record-breaking testnet deposits exceeding $1 billion for some chains and the rapid growth of native stablecoin circulation, which has surpassed half a billion dollars on more established ecosystems.
- Enterprise adoption is contingent on robust regulatory frameworks. Some projects are proactively integrating on-chain compliance features and onboarding former regulators to their boards, positioning themselves as the safest rails for institutional capital.
Rather than building general-purpose platforms, these new Layer-1 and Layer-2 chains are engineered for one thing: Moving stablecoins with greater speed, lower cost, and stronger institutional trust.
The specialized stablecoin infrastructure detailed in the Foresight Ventures analysis represents a long-anticipated architectural shift in digital finance, one that promises to finally merge the efficiency of blockchain with the stability demands of global commerce.
For investors, the report provides a clear overview of how each project is positioned in the market, including its funding sources and early traction. It’s a useful guide for understanding where momentum is building and which teams are gaining attention.
For enterprises and developers, it offers a practical roadmap for navigating the technical decisions that come with building modern payment infrastructure. It also sheds light on the evolving partnership ecosystems, helping teams identify which platforms offer the right mix of interoperability, regulatory alignment, and developer tooling to support scalable, stablecoin-driven applications.
To access the full report for further details: https://www.foresightventures.com/details?details_id=85&details_type=research
About Foresight Ventures
Foresight Ventures is a top-tier crypto venture firm and one of the five most active investors globally in 2024. With our team in US and Asia, we are the first and only crypto VC truly bridging East and West. Our approach is research-driven and founder-focused: we back the infrastructure powering next-gen global payments — from stablecoins and on/off-ramps to real-world assets, while amplifying our portfolio through a strong media network. Our 150+ investments include Story, TON, Aptos, Morph, 0G Labs, Sentient AI, The Block, Foresight News, and many more.
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