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INTRODUCTION

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The stablecoin economy

Stablecoins are now payment infrastructure.

As of 2024:

  • $200B+ stablecoin market cap.

  • $15T+ annual transaction volume.

  • Stablecoins used for remittances, payroll, merchant payments, and P2P.

  • 43M+ people globally earn income in stablecoins.

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The multi-chain reality

Stablecoins exist across 20+ networks:

  • Ethereum mainnet.

  • L2s: Base, Arbitrum, Optimism.

  • Alt L1s: Solana, TON, Stellar.

  • Emerging networks: Starknet, Tron.

Each chain trades off cost, speed, and security. Users and apps operate across multiple chains.

Problem: moving stablecoins between chains is expensive and complex.

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What’s broken with existing bridges

Most solutions were built for speculation. Not for payment and commerce flows.

General-purpose bridges (e.g. Stargate, Wormhole, Across):

  • Optimize for token variety.

  • Often require multi-hop routes.

  • Can be fee-heavy for small transfers.

Enterprise solutions (e.g. RhinoFi, LI.FI):

  • Better tooling.

  • But heavier onboarding.

  • Often not priced for indie teams.

Native bridges

  • Strong UX for a narrow scope.

  • But limited to specific tokens or chain sets.

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