Specialized L1/L2s Race to Become the Rails for $250B+ Digital Dollar Flows, Says Foresight

Foresight Ventures, a global crypto venture firm, has released research highlighting the emergence of application-specific blockchains tailored for stablecoin transactions. The report profiles five projects—Plasma, Stable, Codex, Noble, and 1Money—each vying to dominate digital dollar transfers as programmable money gains traction.

Stablecoins, one of crypto's most adopted technologies in traditional finance, facilitate trillions in annual volume. Yet infrastructure limitations—fee volatility, scaling bottlenecks, and compliance gaps—have hindered broader use. Specialized Layer-1 and Layer-2 chains aim to solve these issues with built-in compliance, deterministic fees, and tighter integration with legacy financial systems.

These blockchains sacrifice some openness for predictability, catering to enterprise and institutional demands. "The market is recognizing that general-purpose blockchains may not suffice for stablecoin scalability and compliance," the report suggests.