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Solana founder Anatoly: Stablecoins may become a new engine for the globalization of the US dollar
Interview with Solana Founder Anatoly: The True Value of Stablecoins is Severely Underestimated
Anatoly Yakovenko immigrated to the United States after the collapse of the Soviet Union, spending the 1990s in Chicago. He studied computer science at Illinois State University and then worked at Qualcomm for 11 years, participating in several mobile development projects. One early morning inspiration led him to found Solana.
Anatoly believes that the crypto industry is undergoing a transformation period. Entrepreneurial teams are becoming more mature, and traditional capital is beginning to explore how to integrate into this industry. Stablecoins are a successful case that may completely change the financial system built on traditional technologies.
Regarding the value of crypto assets, Anatoly pointed out that Bitcoin is difficult to value using traditional methods, but it could become a hedge tool similar to gold. Solana is positioned as an efficient information transmission channel, and its value depends on the volume of transactions processed.
When it comes to Solana's foray into the mobile hardware sector, Anatoly stated that this is aimed at breaking the closed ecosystems of companies like Apple. The scarcity of crypto assets makes it difficult for traditional platforms to charge high fees like they do for in-game items. The Solana phone is designed to provide dedicated devices and app stores for crypto users, charging lower fees.
Regarding stablecoins, Anatoly believes that the market is both overly focused on and severely underestimating their potential. He predicts that if the circulation of stablecoins reaches $5 trillion, it would mean that the dollar has completed a comprehensive digital transformation, becoming a daily circulating currency in multiple regions. Currently, real market demand is still highly concentrated on dollar stablecoins, which may further reinforce the global dominance of the dollar.
Anatoly also discussed the dilemma of public opinion in the crypto world. He believes that the internet should accommodate different voices, but at the same time pointed out that long-term immersion in information cocoons can lead to a disconnect between cognition and reality. Finally, he stated that those truly angry crypto punks have left the industry, and when those who uphold their ideals exit, their voices fade away.