On-Ramps: Stablecoin's Real Bottleneck for Wider Adoption?
It's all well and good discussing stablecoin settlement rails and cross-chain bridges for the sake of efficiency, but I still think the primary bottleneck for genuine, widespread merchant and fintech adoption isn't the settlement itself, but the on/off-ramp infrastructure. Getting fiat into and out of stablecoins reliably, cheaply, and with regulatory clarity for end-users, especially smaller businesses, seems like the perpetual sticking point. You can have the most advanced $ZARUSD stablecoin bridge in the world, but if the local merchant can't easily convert their $ZAR revenue from the stablecoin back to their bank account without exorbitant fees or bureaucratic headaches, the utility proposition diminishes rapidly. Focusing too much on the middle part of the transaction (settlement) while neglecting the ends (on/off-ramps) feels like a misallocation of effort.
Am I missing something fundamental here? Change my mind.
That's a really good point. We often focus on the tech advancements of the rails, but if the entry and exit points are clunky or expensive, it definitely hinders real-world usability for most people and businesses.