I've been thinking a lot about stablecoins for consumer payments - not just cross border, b2b

It's clear others are too, with the launch of multiple stablecoin-linked cards over the last few weeks (World, Ramp, Fuse, Airtm, etc.)

What I don't fully understand is the economics of stablecoin-linked card transactions

Do merchants that accept these cards still pay the full transaction fee (acquiring + network + interchange)? Or do acquiring and interchange fees go away? (if yes, that's huge)

Would love input from anyone who's entrenched in the transaction flow 🙏