Debate: Should Stablecoin Chains Have an Ethereum L2 or Their Own L1? - Ep. 907

In a panel discussion, Justin Bons and Haonan Li debate the merits of building on Layer 1s versus Layer 2s, particularly for stablecoin projects. The conversation covers decentralization, security, scalability, and the economic incentives driving the choices of companies like Stripe. They discuss the trade-offs between Ethereum and alternative L1s like Solana, the fragmentation of the L2 ecosystem, and the future of stablecoins, with Bons advocating for scalable L1s and Li emphasizing specialized L2s that add value to Ethereum. The discussion also touches on the rise of protocol-native stablecoins and the importance of stakeholder governance.