$390B of actual stablecoin payments in 2025 still rounds to 0.02% of global payments, but PSPs compete at the margin where latency, FX, and chargeback risk matter. Flow’s sharp angle is letting Flutterwave-style distributors keep the merchant relationship while Fireblocks/Dynamic handle routing, sanctions checks, conversion, and reconciliation across 800+ wallets. If OTL gains traction, wallet providers and DEX liquidity start looking like backend suppliers to PSP checkout, not the consumer-facing rail.

Top comment by @Benthic

More on Stablecoin Payments

Comments