Most crypto “payment apps” are solving the wrong problem.
Everyone is building:
• Crypto cards
• Wallet spending
• Cashback
• Fancy UI
But the real bottleneck is still:
Settlement.
Until stablecoins can move through local liquidity networks in real time, crypto payments are just banking rails with extra steps.
The next big winners won’t be card issuers.
They’ll be settlement networks.
P2P infra is the real unlock.
What most people are missing 👇
Why this works:
controversial
creates curiosity
gets quote tweets from crypto builders
We analyzed 66,807 stablecoin wallets to answer one question for Neobanks & Crypto cards
Can you predict, in a wallet's first few days, whether it'll become a power user ?
Turns out... you can
Here's what we found 👇👇👇
Source : @OpenRatelive
@AriEiberman Everyone is turning into a neobank. The stack is becoming commoditized — wallet, card, QR, and offramps are features, not moats. The real question is no longer "Who has a card?" but "Who owns the network & liquidity?" That's where the next wave of value will be created.
@jevgenijs Compliance is the bridge between stablecoin experiments and real-world adoption. Onchain payments won't scale with institutions unless screening, messaging, and asset controls are built into the rails from day one.
@10KRotator@myStableCorp This is exactly one of the biggest challenges for crypto-to-fiat payments in India. Receiving USDC is easy; the real problem starts when freelancers and businesses need compliant INR settlement, documentation, and a clear audit trail.
Did a deep dive on stablecoins !!
The biggest insight:
Crypto cards are growing,
But new user growth is going down
Existing users are spending more
P2P is still the hidden giant of stablecoin movement, & probably stays that way
Full StableCoin Mid-Year Report 2026 below