"These transactions carry chargeback rights, and stablecoin settlement is irreversible."
Tuongvy Le, General Counsel at
@veda_labs, pointed to the mismatch built into putting a Visa card on a stablecoin balance. Card finality assumes disputes can be reversed. Stablecoin settlement doesn't work that way.
She also flagged a second shift already underway. The moment an issuer adds yield to an idle balance, the product stops looking like a payments tool and starts looking like a security.
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