> card companies have been unfairly vilified in regards to stablecoins. both sides can extract value from each other. stables can use cards as a vehicle to instant global adoption and cards can use stables as a power converter to stay relevant. > stables are fluid not orthogonal. their utility isn't written in stone but can adjust to different contexts/geos. looking at them from a payments only angle is wrong. they offer access to USD, enable defi mullets, can redefine loyalty programs, transform treasury management operations.