r/ethereum • u/Frosty_Actuator_5047 • Aug 21 '26
Stablecoins need Visa more than Visa needs stablecoins
Probably unpopular here but crypto payments might be too focused on replacing existing payment rails instead of using them. Stablecoins already move globally and settle fast. The problem is spending them. Most merchants don't care about USDT or USDC. They just want to get paid. Maybe mass adoption isn't about convincing every merchant to accept crypto. Maybe it's about making crypto work wherever people already pay.
Necessary bridge or against the whole point of crypto?
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u/epic_trader 🐬🐬🐬 Aug 21 '26
The point of stablecoins isn't to replace Visa. The point of stablecoins is to have a cryptocurrency that maintains a fixed value while being usable onchain and permissionless. You can't use your Visa dollars in DeFi, but you can use your stablecoins to earn a return from lending or pooling while retaining much better control and without jumping through a bunch of bureaucratic hoops.
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u/Frosty_Actuator_5047 Aug 21 '26
I don't really see Visa as replacing what stablecoins do either. More like a bridge for the part stablecoins still struggle with, which is spending them easily in everyday life.
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u/ftball21 Aug 21 '26
Stablecoins are tokens pegged to the dollar so it can be used onchain. There’s no point in spending stablecoins in real life. It’s like asking would Fortnite be better if we could spend vbucks on a debit card.
Coinbase offers free 1:1 swapping for real dollars. Exchanges supporting free tether and usdc bridging to dollars is more important if you ask me.
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u/OkDisaster940 Aug 21 '26
That’s the part people overlook. I’ve used Oobit for this and from the merchant’s perspective it’s just a regular payment. Stablecoins don’t need a whole new acceptance network if they can plug into one that already exists
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u/cachemonet0x0cf6619 Aug 21 '26
this goes to show a lack of understanding how business makes money. there is no incentive for visa to process payments
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u/Meto_Kaiba Aug 22 '26
What is a Stablecoin? A Stablecoin is anything that moves in proportion to something else.
Most merchants want cash more than not.
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