Introducing the Caldera Stablecoin Module

Rollups today rely on a patchwork of wrapped stablecoins from different bridges. Each of these stablecoins creates their own isolated liquidity pools, preventing a single stablecoin from becoming the network’s primary liquid asset. This problem is made worse when a single governance token, for example, is forced to trade against multiple stablecoins on the same network, further splitting liquidity. While these wrapped tokens serve as a unit of account, they fail to deliver on a core promise of DeFi: making capital productive and deeply liquid.

This unproductive capital creates real economic damage. Rollups forfeit sustainable revenue that could be used to fund ecosystem development. For users, the opportunity cost is clear, as they must park capital for zero yield while other chains offer competitive returns on stable assets. Meanwhile, developers are forced to manage the complexity of incompatible token versions instead of building their core product. The technical mess becomes a significant barrier to adoption.

Today, Caldera is introducing our solution.

An Integrated Stablecoin Module

We are excited to announce the Caldera Stablecoin Module, built in partnership with M0, a universal stablecoin platform powering builders of application-specific stablecoins. This is a simple, powerful module that enables any rollup to deploy their own white-labeled, yield-bearing stablecoin. The module transforms fragmented, static assets into liquid, productive capital that benefits both users and the chain itself. We ship the complete toolkit (widget, SDK, and API included), making it incredibly easy for end users to get liquidity into the new stablecoin from day one.

Three Core Benefits for Your Rollup

1. Launch Your Own Branded Stablecoin

The module allows you to provide a clear brand and identity for your ecosystem. Instead of relying on another wrapped USDC, you can launch your own branded token. A branded stablecoin builds a stronger ecosystem moat and increases brand recognition, turning a basic utility into a core piece of your onchain economy.

2. Unlock Universal Onboarding & Liquidity

Every rollup launched with Caldera is automatically connected to the Metalayer, our interoperability network that solves rollup fragmentation by unifying crosschain communication and liquidity. The Stablecoin Module’s toolkit leverages this connectivity, allowing users to bring liquidity from any Metalayer-connected network, and convert it into the rollup's native stablecoin. This creates a powerful, self-contained financial ecosystem, much like a brand's gift card program, but superior, as users earn real yield instead of just points.

Target markets for liquidity include:

• Funds from other chains: Users can perform cross-chain swaps via the Metalayer, seamlessly moving assets from other networks and converting them into the new stablecoin.

• Deposits from centralized exchanges (CEXs): A user holding USDC or USDT on an exchange like Coinbase or Binance can directly deposit those assets onto a Caldera chain, where they are automatically converted into the rollup's yield-bearing stablecoin.

• Direct fiat purchases (coming soon): Users will soon be able to buy the chain-native stablecoin directly from a fiat onramp, further simplifying onboarding.

3. Generate Sustainable Revenue

Rollups can capture a portion of the generated yield to fund ecosystem development without relying on token inflation. This creates a sustainable, long-term business model, allowing your team to fund grants, pay developers, and incentivize growth using revenue generated from the module's total stablecoin float.

A Seamless Experience for End-Users

Stablecoins launched on the module are fully interoperable with each other across the Caldera ecosystem via the Metalayer. 

For the end-user, the entire process is simplified to a single "Deposit and Earn" button. All the complexities of bridging and swapping between different wrapped assets are handled in the background by the Metalayer, which automatically finds the optimal route for speed and cost.

Caldera’s Competitive Advantage

While other solutions may create fragmented assets or lack the necessary infrastructure for easy onboarding, Caldera provides a complete, integrated solution that works from deployment to user onboarding. 

As the platform powering nearly 25% of all Ethereum rollups, we are uniquely positioned to solve interoperability challenges at scale. We own the user experience and distribution layer, ensuring that every rollup in our ecosystem benefits from shared liquidity and network effects from day one.

Launch Partners

The module's launch is highlighted by our flagship partnership with ApeChain. As the dedicated L3 for the ApeCoin and Yuga Labs communities, their adoption demonstrates that our platform is built to handle the demands of a major gaming and NFT ecosystem immediately.

M0 provides the module's foundational infrastructure. Their network delivers the audited, secure backend necessary for institutional-grade yield,ensuring reliability and transparency across the system.

Completing the Stack for the Internet of Chains

The Stablecoin Module is the next pillar in our vision for an interconnected "Internet of Chains."  It combines with our existing products to create a complete, end-to-end toolkit for launching and scaling a successful onchain ecosystem:

• The Rollup Engine: Build a high-performance, custom rollup.

• The Metalayer: Connect it to a universal network of shared liquidity and users.

• Metatoken: Make native, long-tail assets portable across the Caldera ecosystem.

• The Stablecoin Module: Power its economy with native, yield-bearing value.

Our V2 roadmap will extend the module's capabilities even further with direct fiat-to-yield-stable onramps, and CEX connectivity for direct deposits.

Each rollup launching a stablecoin contributes to a network-wide pool of shared liquidity. This creates a powerful flywheel that drives Metalayer usage and reinforces the value of the entire Caldera ecosystem.

Ready to bring yield to your rollup? Get in touch with our team to get started.

About Caldera

Caldera is powering the next internet. Its architecture consists of two core components: the Rollup Engine and the Metalayer. The Rollup Engine is a modular operating system used to launch high-performance, custom chains on leading chains and frameworks like Arbitrum, Optimism, Base, and ZKsync. The Metalayer then automatically connects every chain into one network. Through this interoperability protocol, all chains access shared liquidity and secure, intent-based bridging that transforms fragmented networks into a unified Internet of Chains. And now with the launch of the Caldera Bridge Preview, Metatoken, and Stablecoin Module, this expands the product suite and market size that Caldera is tackling.

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About M0

M0 is the universal platform powering builders of application-specific stablecoins. With M0, developers can build safe, programmable and interoperable digital dollars. Learn more at m0.org