WHAT WOULD STRIPE L1 LOOK LIKE?

Summary from the TLDR Crypto newsletter

Rumors suggest Stripe may launch its own L1 network, building on its Bridge and Privy acquisitions to offer integrated stablecoin accounts and wallet infrastructure. In the base case, this would enable merchants to settle in USDC/USDB on Stripe L1 and provide customers with Web3 wallets and stablecoin payment options. The bull case imagines direct customer-merchant transfers bypassing card networks, micro-streaming subscriptions billed by the minute, and DeFi yields on held deposits. Such a move would recast Stripe from a payments service provider into a full-stack financial rails operator, marking a potential paradigm shift in global payment systems.