[ecesena]

I don’t particularly buy the 2-3% reduction in fees, that seems a way to get merchants adoption now. In future I expect to see services built on top of stables, for example reversible transactions, and whoever will build these services will likely want to be paid a 2-3% fee (their pitch deck to a16z will say “merchant are used to pay this fee to credit card companies”…)

Where I think stables will surpass credit cards will be on users’ rewards. It should be possible to build a stable coin that “just grows” eg more than 4%/a saving account, so the final product may look like and integrated saving account + credit card.

But this is a marketplace, before getting user adoption you need to get merchant adoption, so definitely cutting the 2-3% fee looks like the right message to me.