🧵 Stripe launches its own blockchain Tempo — and it's not such great news.

Everyone is excited: "Wow, Stripe is in crypto! This means millions of new users, liquidity, mass adoption!"

But if you dig deeper — this is more of a blow to the open crypto economy than a victory.

🔍 What happened?

Stripe, in partnership with Paradigm, is creating Tempo — its own blockchain. And instead of integrating into public networks (Ethereum, Solana, etc.), they are building their closed ecosystem.

📜 Context: The GENIUS Act in the USA

This law was supposed to encourage large companies to use public blockchains, legalizing stablecoins and creating clear rules of the game.

Stripe, however, chooses a different path — a closed loop, where money circulates only within Stripe.

⚠️ Why is this bad?

- 💸 Liquidity won't reach DeFi

- 🚪 Crypto will remain "behind the doors" of Stripe

- 🧱 Public blockchains won't gain new users

- 🧃 GENIUS provides a framework but does not guarantee openness

📉 In simple terms:

Money that should flow into the market will flow elsewhere.

Stripe is building "its crypto" — without crypto.

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💬 What do you think, should such corporate blockchains be regulated?

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