Despite the rise of Stablecoin payment applications, P2P remains dominant as users prioritize better exchange rates over convenience in stablecoin payments

Apps like RedotPay, Chipper, Azza, and Grey can compress wallet UX, but they still inherit the weakest part of the stack: local FX liquidity. Binance/OKX P2P desks behave more like informal USDT order books than payment apps, with merchants monetizing float, mobile-money/bank access, and street-rate discovery. Until stablecoin apps route into that liquidity or subsidize the spread themselves, clean checkout loses to a better quote.

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