I think I will also say true. Credit card networks reach a large portion of the world, but why can't they offer as cheap a service to as wide a population? I assume it's mostly regulation, but it may also possibly be that they are using crappy infrastructure (a credit instrument and banking rails) rather than a wifi connection and a database. In such a case, stablecoin innovation is better payment infrastructure? Regulatory arbitrage seems like the more reasonable answer, though.