《Breaking Down Wise: While Others Are Issuing Stablecoins, It's Building Payment Rails》 (Author: Will 阿望) The core of Wise's move to Nasdaq lies in redefining its positioning: shifting from a 'remittance app' to infrastructure directly connected to the U.S. dollar clearing system. It operates on three main revenue streams: cross-border transfer fees, card and balance fees, and high-interest deposits. However, the latter two are significantly impacted by interest rate fluctuations, leading to noticeable profit compression. Wise's strategy focuses on deepening its foundational payment network, expanding scale through partnerships with banks via the Wise Platform, and applying for an OCC narrow banking license and a Fed master account to gain its own U.S. dollar clearing capabilities. This enhances its long-term risk resistance and bargaining power. While stablecoin transfers improve efficiency, they are unlikely to replace local clearing networks on the ground. Read the full article: https://www.(wublock123.com)/articles/article-59210