Sei Labs co-founder Jayendra Jog: The stablecoin yield model has great potential and will surpass the revenue model that relies on transaction fees

At the "Build and Scale in 2026" themed forum recently held by ChainCatcher in Hong Kong, Jayendra Jog, co-founder of Sei Labs, delivered a keynote speech on "The Future of Payments: The Current State of Stablecoin Development in 2026," stating that stablecoins are surpassing DeFi to become the killer application of blockchain, and their revenue model will become a more promising income model than transaction fees.

However, regarding the current rise of the "dedicated stablecoin chain" trend, Jayendra Jog expressed a cautious attitude. He stated that while dedicated chains have optimized throughput and compliance features, their differentiated advantages are limited and have yet to prove effective in driving large-scale adoption.

Jayendra Jog also highlighted the latest developments of Sei Network. He mentioned that Sei Network is now 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 a 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.