Recently researching the stablecoin ecosystem, I unexpectedly came across the XPL project. To be honest, I didn’t pay much attention at first, but the more I learn, the more interesting it becomes.

Its positioning is very clear—building a Layer1 public chain focused on stablecoin settlement. It sounds simple, but implementation is not easy. The highlight of XPL is its full compatibility with the EVM ecosystem, which means developers can migrate existing applications at low cost without starting from scratch. From a technical perspective, this kind of compatibility design indeed lowers the barrier to entry.

Why do I think it has a chance? The main reason is the market gap. Nowadays, more and more people are using stablecoins, but issues like cross-chain settlement, transaction costs, and confirmation speed have not been well addressed. Traditional public chain solutions are either underperforming or have incomplete ecosystems. Stablecoins need a dedicated settlement infrastructure, and XPL’s idea hits exactly this pain point.

Of course, having ideas alone is not enough; execution is key. Whether the project can attract enough stablecoin liquidity and whether the ecosystem can truly become active are still unknowns. Competitors are also working in this direction, so for XPL to stand out, real skill and effort are required.

Overall, the stablecoin settlement chain is a promising track. As one of the participants, XPL has its unique design approach and is worth continuous observation at this stage. Are you optimistic about this direction?