Libra co-founder calls Stripe's Tempo blockchain a "referendum on Libra ghosts"

Facebook Libra co-founder Christian Catalini warned that Stripe's Tempo and Circle's Arc may be commercially successful, but could undermine the cryptocurrency's decentralized philosophy. Both projects are designed for corporate stablecoin payments, with regulatory compliance and centralized controls prioritized. Catalini believes that they may replicate traditional finance, bringing in new dominant players, rather than creating a truly open network. He believes Tempo is a referendum on Libra’s legacy and suggests that its success may confirm that a centralized, business-led solution has replaced the original vision of licenseless digital currency.