Everyone Wants to Own Their Own Layer 1: Who Will Be the Final Winner
Source: arca; Translation: Golden Finance
The race for control over the value of cryptocurrencies has officially begun. If you think the Layer 1 competition is cooling down, you are mistaken. The latest participants are the world's largest fintech and stablecoin companies.
Last week, Stripe announced the launch of Tempo, an EVM-compatible blockchain designed for stablecoin payments and enterprise applications. The goal of Tempo is to build a blockchain optimized for cross-border settlements that Stripe can fully control. Previously, Stripe acquired Bridge (stablecoin infrastructure) and Privy (crypto wallet), indicating its intention to control the full stack from payments to rails to wallets.