I used to think that serious assets like #Stablecoins, #USDebt, #STO, and #RWA should be issued on the #ETH mainnet, or at least primarily on the ETH mainnet with other chains as secondary. However, in the past two years, I've seen more and more of these assets being issued on #BNBChain, #Solana, #Tron, and #Base, and I've started to change my mind. Although these chains are not as decentralized as the ETH chain, they have obvious advantages such as lower transaction friction and higher transaction activity. Another advantage, which I only recently realized, is that most issuers hope for capital to be locked in. If these chains were to fail one day, issuers could completely blame it on the public chain, not themselves, resulting in a large amount of assets being passively locked on these chains. It's similar to running a centralized exchange; the longer it operates, the more capital is locked in. If one day, due to policy or other irresistible reasons, it is "forced" to shut down, as long as there is enough time for users to withdraw, it's fine. But even if users are allowed to withdraw freely, many will leave funds locked due to forgetting over time, small amounts, or other reasons, resulting in a lot of locked capital. This reminds me of 2021-2022, when a small exchange that had been operating for four years earned nearly $200 million in locked capital after liquidation.