Stablecoin yield opportunities keep shrinking, and regulatory caps are tightening by the day.

Right now, most new stablecoin projects chase the same tired playbook: back everything with U.S. Treasuries. It works, sure—but it's becoming crowded and frankly limiting.

What if stablecoins could do more? What if digital dollars lived fully onchain and actually generated productivity, not just yield? That's where the real next chapter lies—moving beyond passive Treasury stacking toward active, onchain economic participation.

The gap between traditional stablecoin models and what Web3 actually needs is widening. The upgrade isn't incremental; it's architectural.