Джесси Поллак: локальные стейблкоины — ключ к революции в криптоэкономике Translation: Jesse Pollak: Local Stablecoins Are the Key to Revolutionizing the Crypto Economy

Tethered to local payment systems, stablecoins remain a rarity, despite their potential to significantly transform the crypto economy. This was stated by Base developer Jesse Pollak during Token2049 in Singapore, as reported by The Block.

The expert pointed out that the digital economy is predominantly denominated in U.S. dollars today, accounting for around 60% of global reserves. Numerous other currencies that also hold importance in global finance are virtually absent from the crypto space.

The creator of Base emphasized that stablecoins linked to «local currencies» could facilitate everyday financial transactions.

«If we integrate local payment systems into blockchain, individuals will be able to conduct transactions, take loans, and issue credits in currencies they are familiar with,» he explained.

The expert noted that in September 2025, Base processed approximately 81 million transactions involving stablecoins, equivalent to $1.5 trillion. According to him, the platform already supports the Indonesian rupiah, Turkish lira, New Zealand dollar, Brazilian real, and other currencies. Previously, Coinbase and Base also announced the launch of two new payment systems: the Australian and Singaporean dollars.

Pollak also discussed the beta testing of the Base App. The platform combines social networks, mini-applications, commerce, and instant payments, with a strong focus on the «create and earn» model.

According to the creator of Base, traditional Web2 platforms are unfair to content creators, retaining about 95% of the value and leaving creators with less than 5%. In blockchain-based social networks, almost all profits go to developers.

Currently, there are 1.2 million users registered on the Base App waitlist, the expert noted. The team plans to launch the application fully in the coming months.

«We’re still in the beta testing phase, but we’re actively working on the release,» Pollak added.

Recall that in March, Base introduced Flashblocks technology and two new tools.