Why the next phase of stablecoin payments is all about user relationships and distribution
CoinDesk
by Ian AllisonFebruary 28, 2026
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.
Verticals
cryptofinance
Originally published on CoinDesk on 2/28/2026