STABLECOIN LINKED CARDS - WAY BETTER SECURED CREDIT CARDS

Summary from the TLDR Crypto newsletter

Stablecoin-linked cards allow users to spend USDC or USDT at any Visa/Mastercard merchant through instant fiat conversion at point of sale. Self-custodial options like Ether.fi allow users to borrow against crypto collateral at 4% APY while earning 10% yield. Revolut's zero-fee stablecoin conversion for 65 million customers and Coinbase's Bitcoin-backed loans powered by onchain protocols like Morpho demonstrate how vaults are bringing decentralized lending to mainstream fintech apps, replacing balance sheet lending with private credit models. The shift toward direct stablecoin acceptance by merchants and banks will compress settlement times to zero, eliminating the 1-2% early payment fees merchants currently pay and the up to 2% consumer on/off ramp costs.