What Will Bring $300B in Capital From USD-Backed Stablecoins Back Into DeFi?

Speaker
Thursday, August 2015:00 – 16:00
X
Sergei Novikov

Sergei Novikov

Sergei leads product and analytics at 8Blocks and works with teams on how tokenized financial products are structured and priced. On the Space he covered why stablecoins are turning into financial infrastructure and what onchain products need to offer before idle capital moves back into DeFi.

Why we joined

Stablecoins are becoming financial infrastructure. The real opportunity is what gets built on top of them.

Sergei Novikov, CPO at 8Blocks, joined WenAltSeason and the panel to discuss the $300B stablecoin market, DeFi liquidity and what could bring capital back onchain. The conversation went through whether stablecoin holders are leaving crypto or simply refusing to take risk, why yield-bearing onchain cash equivalents are growing while traditional stablecoins shrink, and how DeFi competes with tokenized Treasuries and money-market products. Our main takeaway: the next chapter may be bigger than another rotation into altcoins.

That is how we approach Digital Assets: tokenization is infrastructure, and the financial product itself has to work first. Tokenized Treasuries, credit and funds attract stablecoin capital only when yield, risk and liquidity make sense to the holder. Our digital assets strategy and tokenization readiness work starts from the same question.

What the Space covered

  • Whether $300B in stablecoins is capital leaving crypto or capital avoiding risk
  • Why DeFi has to compete with tokenized Treasuries and other safer onchain cash products
  • What brings liquidity back first: lower rates, higher yield, better risk controls or Bitcoin going up
  • Stablecoins in payments, settlement and treasury use, beyond trading and farming
  • What has to change in the DeFi user deal for holders to move capital onchain

Event in brief

An audio X Space on the $300B stablecoin market and what it would take to put that capital to work in DeFi. Online X Space hosted by WenAltSeason, Thursday, 20 August 2026, 15:00 UTC (11:00 AM ET). The recording is available on the host's profile.

Planning to tokenize a financial product or launch an onchain yield product? Tell us about the project and we will check whether the product works before the token design.