Good read on stables. Think we have a way to go in the west on stablecoin payments, especially for day-day purchases. Today, there's muted merchant acceptance, no real credit, limited inter-op between pmt systems, and far too much friction. There's also no real catalyst as to why someone with V/M/Amex would need / want to use stables day-day to pay for g&s. 

Don't think this will be the case in the future (i.e. starting w/ range of stable funded cards), but the network effects + vas (fraud, risk, messaging) of the card networks are very real and difficult to displace. 

The points about stables acting as the base-layer of a new stack and a flywheel for on-chain activity in the thread below are important imo, as they're the foundations for broader adoption

(OO #220)