Admittedly, I don’t ‘get’ stablecoins. Yes, they’re cheaper b/c their advocates choose to drive adoption, not turn a significant profit. Visa and Mastercard could too offer cheap transaction processing if they abandoned their profit motive, but they’ve already gained global ubiquity and orchestrated a beautiful experience for consumers. Once stablecoins are able to do that, I’m guessing they too will want to turn a nice profit.