On-ramps are still the biggest friction point for adoption, not stablecoin tech itself

We talk a lot about the innovations in stablecoin tech – faster settlement, more robust collateral, better cross-chain bridges. All valid, all important. But honestly, the bottleneck for wider adoption by fintechs and merchants isn't the underlying stablecoin tech. It's the same old story: getting actual fiat in and out of the system cleanly, cheaply, and compliantly. We can build the fastest horses, but if the stable door is jammed, it doesn't matter. The $DEFI index might be up, but if getting $100 in USDC to a small business owner takes three days and a stack of paperwork, the utility plummets.

Am I missing something here? Push back if you think I'm off base.