THE RAMPING BOTTLENECK

Summary from the TLDR Crypto newsletter

Stablecoin ramps are the real adoption bottleneck as bank-funded ramping in the US/EU/UK can cost 0-0.3%, while parts of Africa can hit 15–20%. Global card on-ramp completion is ~21% (Africa ~6% and Asia ~7%), and cards are structurally mispriced for stablecoins because there's no product margin to hide MDR/chargeback risk.