Stablecoin payments; who actually wins? 🧵 by Rob Hadick (GP at Dragonfly). As Stablecoin payments grow more complex, distinct layers—issuers, liquidity providers, and merchant gateways—carve out unique competitive moats, shaping how value is ultimately captured.

Stablecoin payments; who actually wins? 🧵 by Rob Hadick (GP at Dragonfly).
As Stablecoin payments grow more complex, distinct layers—issuers, liquidity providers, and merchant gateways—carve out unique competitive moats, shaping how value is ultimately captured.

𝕏/@HadickM •

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