Yes, we were lied to about stablecoins. Not because they lack a transformative use case, but because we were told their defining use case would be payments. As @jonah_b explains, when dollars enter on one side and pesos or naira must come out on the other, the onchain transfer is only one part of the journey. FX, liquidity and off-ramps remain, while modern fintechs already solve many major corridors efficiently. But payments may prove to be the smaller stablecoin use case. The bigger one is investment. Once capital is held in stablecoins, the important question is no longer how cheaply it can exit into a bank account. It is what that capital can access: tokenized funds, private credit, treasuries and other regulated financial products. Stablecoins become the common subscription and settlement layer connecting capital directly with opportunities that were previously restricted by geography, distribution, banking relationships or minimum ticket sizes. That is not primarily an on-ramp or off-ramp story, it is an access story. Payments make money easier to move. The investment use case can make opportunity far easier to access, and that may be the much larger stablecoin story.