Research for Stablecoin Integration on a Tier One Blockchain

The Challenge

A leading Tier One blockchain sought to assess the feasibility of natively integrating highly liquid and cross-blockchain supported stablecoins into its ecosystem. Recognising the increasing role of stablecoins in digital finance, the client required a comprehensive research initiative to evaluate the potential benefits and risks associated with such an integration.

To achieve this, the protocol engaged Appold to lead the project, leveraging our extensive expertise in blockchain strategy and our strong relationships with key industry stakeholders and application builders within the ecosystem.

The Approach

Appold developed a comprehensive research methodology, combining qualitative interviews with key industry participants and quantitative analysis of stablecoin adoption trends. The project focused on four key areas:

1. Feasibility Assessment – Evaluated the technical compatibility and practicality of integrating highly liquid, cross-blockchain supported stablecoins onto the Tier One blockchain, considering interoperability and smart contract functionality.

2. Advantages and Use Cases – Identified the potential benefits of stablecoin integration, including enhanced liquidity, greater accessibility, and improved transaction efficiency.

3. Risk Analysis – Conducted a comprehensive risk assessment, examining potential challenges, regulatory considerations, and network stability implications.

4. Community Impact – Assessed the potential effect on the blockchain's existing user base, ensuring alignment with ecosystem growth objectives and strategic adoption incentives.

To carry out this research, Appold joined a community-led Stablecoin Working Group composed of leading application builders and infrastructure providers within the blockchain ecosystem. Appold engaged with 38 of the biggest companies in the ecosystem and interviewed them to gather the research.

The Outcome

The findings were presented in a detailed report, including a tailored executive summary for senior decision-makers. Key takeaways included:

• Strong Community Support – The research highlighted widespread support for native integration of stablecoins, recognising it as a strategic enhancement to the blockchain ecosystem.

• Identified Challenges – Several technical and regulatory hurdles were identified, but these were deemed manageable with structured risk mitigation strategies.

• Strategic Roadmap – A clear framework for implementation was outlined, detailing the best approaches for adoption, liquidity provisioning, and compliance alignment.

Following the research, Appold and the client are now in discussions to proceed with the next phase of implementation, focusing on:

• Negotiating with Stablecoin issuers

• Analysing funding options to cover technical and liquidity

• Technical integration planning

• Community engagement and adoption

Services

Project requirements:

• Research & Analysis

• Strategic Advisory