The 'stablecoin sandwich' is dead: Why the next phase of crypto payments is all about the user relationship

The real competitive advantage in stablecoins, the moat that holds competitors at bay, now lies in the distribution held by incumbents, according to the person behind Meta's abandoned Diem token. What to know : If large companies start using commodified stablecoins from multiple providers, the key question becomes: Who owns the distribution? Meta said its stablecoin plans are about enabling people and businesses to make payments on our platforms using their preferred method.(Coindesk)