Mastercard just rolled out stablecoin-to-fiat settlement for suppliers. Send $USDC/$USDT, they receive local currency in their bank account. Plug-and-play for businesses.

Catch: 40 currencies planned by 2027. Thailand not listed yet.

Visa launched their own version in July. Race is on for B2B payment rails.

Who captures SME flow first wins the next decade of cross-border liquidity.