Sei Labs co-founder Jayendra Jog: The stablecoin yield model has great potential and will surpass the revenue model that relies on transaction fees.
According to ChainCatcher, at the recent “Build and Scale in 2026” themed forum held by ChainCatcher in Hong Kong, Jayendra Jog, co-founder of Sei Labs, delivered a keynote speech on “The Future of Payments: The State of Stablecoin Development in 2026.” He stated that stablecoins are surpassing DeFi to become the killer application for blockchain, and their revenue model will have even greater potential than transaction fees.
However, regarding the current trend of “dedicated stablecoin chains,” Jayendra Jog expressed a cautious attitude. He noted that while dedicated chains have optimized throughput and compliance features, their differentiated advantages are limited and they have yet to prove effective in driving large-scale adoption.
Jayendra Jog also highlighted the latest developments of Sei Network. He stated that Sei Network is already the lowest-cost EVM-compatible stablecoin transfer chain, with an average of 200 stablecoin transfers costing only $0.0005. The upcoming Sei Giga will achieve throughput of up to 200,000 TPS and a final confirmation time of 400 milliseconds, providing high-performance infrastructure for stablecoin payments, RWA, and derivatives trading.

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