Well the compliance will be retroactive and only top-down; so anyone can sign up and `buy muh stable`. But you get no `consumer protection` and if the overlord decides you messed up you lose it all.

This seems like good news to me. 

Something like Stripe + Visa + Lightspark could grab a bunch of payments marketshare...if they actually let people do payments. But if they are going to be really good at compliance, I imagine that means they won't grab anywhere near the marketshare they could because compliance is the reason so many people can't do what they want with tradfi.

The question is how much less compliant will they be than tradfi, with the difference being their edge?

Scoresby

I am curious now about Tempo and how they've designed it to convince the government man that it's different than traditional finance flows.

Inverse regulatory capture. It's an invitation, "pls capture me, daddy". This is how lame we are today.

news

econ

Stripe-backed stablecoin chain 'Tempo' goes live

> I am curious now about Tempo and how they've designed it to convince the government man that it's different than traditional finance flows.

From [a previous post](https://tempo.xyz/blog/compliance-controls) on their blog

> > All TIP-20 stablecoins on Tempo support three functions: pause and unpause to halt and resume transfers, and burn to remove tokens from blacklisted addresses.

Inverse regulatory capture. It's an invitation, "pls capture me, daddy". This is how lame we are today.