Well, doesn't that specific meaning apply here? I mean, the lack of protection for end-users is at first compensated by investment money (low prices and huge effort on support). Once network effect is reached, the unregulated nature of the platform shows, end-users are wronged, only providers profit from the lack of regulation ...

Or maybe I don't understand the meaning of enshittification?

Yes I know, which is why I looked up the Wikipedia definition to make sure I was using it correctly.

Stripe provides a trusted service to its users, has a great reputation, then implements changes that will degrade that service by avoiding regulations designed to protect the consumer.

Adding blockchain is enshittification.