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Solana Co-Founder Warns on Quantum Threat to Bitcoin, Sees Stablecoins Driving US Treasury Shift

Finance Magnates

Cryptocoins News / Finance Magnates 111 Views

Solana co-founder Anatoly Yakovenko warned that advances in quantum computing could threaten the foundations of cryptocurrency security within five years, even as he predicted stablecoins would make the internet the single largest holder of U.S. Treasuries.

According to a discussion at the All-In Summit 2025 conference, which was published on YouTube on Friday, Yakovenko predicted a financial transformation in which stablecoins could propel the internet itself into becoming the single largest holder of U.S. Treasuries.

Digital assets meet tradfi in London at the fmls25

His remarks underscored the rapid shift in Washington’s stance on digital assets following the Trump administration’s appointment of venture capitalist David Sacks as “crypto czar.” Yakovenko contrasted this with the prior regime: “I don’t know if the industry would have survived another four years of the Gensler regime.”

Solana’s Execution-Layer Vision

“I feel like 50/50 within 5 years, there is a quantum breakthrough. And part of that is because of how fast AI defines breakthroughs, like you can run a short algorithm,” he said. “We should migrate Bitcoin to a quantum-resistant signature scheme.”

Yakovenko described Solana not simply as another blockchain, but as a high-speed “execution layer” designed for global markets. Ethereum, he argued, excels at settlement, but Solana’s role is to facilitate transactions in real time.

That ambition contrasts with the platform’s current reality, where much of Solana’s activity has come from memecoins and NFTs. “It’s annoying that those are the things that come out instead of your true mission,” he admitted. The real goal, he insisted, remains the tokenization of assets such as bonds, equities, and real estate.

Regulation, Collaboration, and Adoption

On regulation, Yakovenko pointed to the proposed Clarity Act as vital to lowering the cost and uncertainty of token launches in the U.S. His own fundraising journey cost $2 million in legal fees – “more than 10% of my runway.”

“The Clarity Act is a whole bunch of complicated legislation to try to minimize, hopefully, that cost to make it much easier for founders to launch. It's far too much friction right now.

Traditional financial incumbents are also circling blockchain. Nasdaq announced tokenized securities plans this week, prompting questions about whether regulated exchanges have an advantage. Yakovenko said the two sides could ultimately converge: he highlighted creative industries as the next frontier, citing experiments with NFTs tied to intellectual property.

Read more: Kraken Integrates 60 xStocks with Trust Wallet for Tokenized Equities

He even floated the possibility of crypto-enabled social media alternatives to TikTok, where creators are monetized directly through tokens rather than advertising.

Quantum Risks, Bitcoin’s Resilience

Turning to technology’s cutting edge, Yakovenko warned that quantum breakthroughs, accelerated by advances in AI, could upend cryptography within five years.

Yakovenko also spoke warmly of Ethereum and its founder Vitalik Buterin, calling him “an amazing engineer,” even as he positioned Solana as the faster complement. Looking ahead, Yakovenko suggested that Visa and Mastercard may adapt more easily than banks to a stablecoin-driven future.

This article was written by Jared Kirui at www.financemagnates.com.
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