The incumbents are not watching neobanks from the sidelines.

Visa's stablecoin settlement pilot is running at a $7B annualized rate across nine chains. Mastercard is expanding stablecoin settlement capabilities for partners. Both are extending control down into stablecoin rails.

Crypto neobanks were supposed to flip the stack. Instead, the legacy networks are absorbing the backend first. The card layer they already dominate stays intact.

The neobanks left standing win by owning distribution somewhere incumbents can't easily follow or by solving a regional pain point legacy banks have ignored.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。