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Podcast: Unchained
Episode: Debate: Should Stablecoin Chains Have an Ethereum L2 or Their Own L1?
Description: In this episode, Cyber Capital’s Justin Bons and Codex’s Haonan Li challenge the new orthodoxy: whether payments chains should be alt L1s or Ethereum L2s, how “neutrality” and finality matter for real-world transactions, and why fragmentation could make or break onchain dollars.
We dig into Stripe’s Tempo (and its permissioned start), what it would take for L2s to reach true decentralization, and whether stablechains undercut general-purpose chains.
Plus: the trade-offs of sequencers, paying gas in dollars, and whether protocol-native stables are the future.
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