With Strip, Circle, and Tether successively launching their dedicated chains, I would like to discuss two points: 1) The impact on Ethereum layer2: Layer2s are all striving to inherit the security of the mainnet more safely, but they overlook a fact that the core demand from major clients like Strip, Circle, and Tether, which can truly bring mass adoption opportunities to L2s, is not decentralized security, but rather full-stack control from minting to settlement. Moreover, the business interests of Sequencer revenue, MEV, and Gas fees, which can all be pocketed, do not warrant sharing a piece
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