Major stablecoin issuers, including Tether, Circle, and Ethena Labs, are advancing the creation of dedicated blockchain and Layer 2 networks. This strategic shift from general-purpose public chains to specialized settlement layers is driven by the need for enhanced control, cost efficiency, and regulatory compliance. With stablecoins like USDT and USDC exceeding $3 trillion in circulation, projects such as Tether's Plasma and Stable, Circle's Arc and Noble, and Ethena Labs' Converge are transforming the stablecoin infrastructure landscape. These initiatives focus on achieving high throughput, low transaction fees, and seamless native stablecoin integration.