Everyone is FOMO-ing into chain creation. The current vibe around building chains feels a lot like the early days of the App Store: everyone is rushing to create their own ecosystem entry point. Chain = settlement layer, stablecoin = settlement currency. Recently, it feels like web2 giants are FOMO-ing hard, accelerating their plans and treating chain creation as a mandatory course. In the future, we might see chains becoming a company’s exclusive ledger, handling internal settlements, upstream and downstream payments, and even cross-border transactions—all directly running on their own chain. Stablecoins could become the corporate settlement currency, pegged to USD, RMB, or even company loyalty points. Once a company gets its upstream and downstream partners to adopt it, it’s essentially creating an enterprise-level economic flywheel. Others will either integrate or risk being marginalized. Just like internet domain names were snatched up quickly, stablecoin prefixes using the 26 letters of the alphabet will also become scarce resources: ‘U’ already has USDT, USDC, USD1, with only a few letters left unused. The number of chains might grow exponentially, but only a few with real application scenarios and strong user network effects will succeed. The key is who can make chains + stablecoins part of the production relationship: It’s not just about issuing a chain, but about binding upstream, downstream, and the ecosystem—making the coin truly become the settlement currency for businesses or industries. For those with natural traffic entry points, once the ecosystem is bound, they might be the first to succeed and become the enterprise-level Web3 infrastructure.