# Vision > Stablecoins are the largest monetary application built on blockchains today. Canonical URL: https://docs.polaris.finance/overview/vision Markdown URL: https://docs.polaris.finance/overview/vision.md Section: Overview Documentation index: https://docs.polaris.finance/llms.txt Full documentation bundle: https://docs.polaris.finance/llms-full.txt --- Stablecoins are the largest monetary application built on blockchains today, and USDp represents Polaris' path toward a stable and censorship-resistant dollar that can finally scale. But once a scalable reserve asset exists as well, its role goes far beyond issuing a single currency. As the range of assets built on top of Polaris expands, that same collateral asset can support currencies, commodities and synthetic assets that all share the same infrastructure. Meanwhile, that reserve asset itself can scale and evolve alongside the ecosystem. Splitting pETH into fpETH and vpETH is one example, allowing users to unlock entirely new financial strategies. And additional protocol primitives can build on the same foundation, expanding what users can do with pETH as the reserve asset. The same principle applies to the applications built above it. Polaris is designed as infrastructure rather than a closed platform, allowing third-party builders to permissionlessly issue their own stablecoins, synthetic assets and financial products. On the other hand, every application built on top of Polaris contributes to the same reserve foundation based on pETH, allowing builders to benefit from an ecosystem that becomes stronger as it grows. This also changes how real-world value can reach the blockchain. Rather than just importing assets through traditional rails, with their custodians and trust assumptions, Polaris provides a foundation where those exact currencies, commodities and traditional assets become native to blockchains, gaining transparent ownership, permissionless access and censorship resistance. If this model succeeds, ETH itself can begin to play a broader role within Ethereum. Staking will always remain fundamental to securing the network, though this should not remain the only productive destination for ETH. By introducing a native yield layer, pETH creates another productive path for ETH, giving holders and stakers a new choice while allowing the monetary system built on top of Ethereum to expand. In that future, Ethereum's growth and its monetary infrastructure no longer evolve independently. The more the ecosystem grows, the stronger its reserve foundation becomes. And the stronger that foundation becomes, the more it can support the next generation of DeFi applications.