Anyone claiming that Stripe and Circle launching their L1s is worse for Ethereum than Solana is wrong / lying. - Solana is the most reliant L1 on USDC. 70%+ of stablecoin supply on Solana is USDC vs <25% on Ethereum, BNB Chain, Tron, etc. - Solana would prefer if these chains were SVM over EVM. It'd attract more devs to its ecosystem. - Solana is the most corporate chain at the base layer. Ethereum L1 is not looking to win payments as much Solana. Deeply concerning for all of crypto but some more than others.