According to a Forbes article, stablecoins have not yet truly replaced traditional payment systems—not due to transfer technology, but because of infrastructure challenges such as local compliance, licensing, risk management, banking partnerships, and access to payment networks. The article notes that although stablecoin transaction volumes exceeded $10 trillion over the past year, the majority of activity remains concentrated in crypto trading, arbitrage, and inter-protocol settlements, with limited adoption in everyday corporate payments. As the stablecoin market surpasses $320 billion, its role is shifting from a “competitor to traditional payment networks” to a “high-efficiency settlement layer embedded within existing card networks and payment systems.” The article argues that while the previous decade focused on making fund transfers faster, this decade’s challenge is achieving compliant, secure, and scalable payment applications within a fragmented global regulatory environment. https://t.co/ljWW432rL6