a) Institutions use stable coin to move money and typically these are high volume transaction amounts. Comparing (Retail + Institutional) Volume of stable coin to retail transaction volume of card networks is an apples to oranges comparison.
b) Some of the stable coin volume is to invest in stable currencies such as USD. This is an investment use case instead of a money movement use case.
At the same time I want to acknowledge that these 2 points above does not negate the main thesis of this article and I agree with.
Thanks for this nice article.
Couple of thoughts
a) Institutions use stable coin to move money and typically these are high volume transaction amounts. Comparing (Retail + Institutional) Volume of stable coin to retail transaction volume of card networks is an apples to oranges comparison.
b) Some of the stable coin volume is to invest in stable currencies such as USD. This is an investment use case instead of a money movement use case.
At the same time I want to acknowledge that these 2 points above does not negate the main thesis of this article and I agree with.