Stablecoins bring the best of both worlds by combining the stability of Fiat and the versatility of crypto. Ever since the first stablecoin came into inception (Tether), other stablecoins emerged with the aim of taking the world by storm. We now have a wide variety of stablecoins to choose from each with their limitations and unique features. Depending on the blockchain network in question, a stablecoin can be much cheaper to use than traditional credit/debit cards for online purchases. Imagine if online retailers began accepting popular stablecoins like Tether (USDT) and USD Coin (USDC). There might be no need for credit/debit cards other than using them to pay at physical stores.
Do you think stablecoins will replace credit/debit cards in the future? If not, why? What could be the reason online merchants are avoiding stablecoins in the first place? Your input will be greatly appreciated. Thanks in advance.
As long as a stablecoin has to be "backed" by fiat or some physical asset, then no.
Once we decouple from the old system, then possibly yes