We haven’t backed a stablecoin neobank yet, but we’ve spoken to 10+ founders trying.

Here’s what needs to be true for one of them to win, and why onchain infra is unlocking a generational wedge for consumer fintech:

Product builder and investor — @socialgraphvc

kindness, compassion, forgiveness

Why won’t Mecury, Revolut and Coinbase capture this?

Great questions, overall, it boils down to the organization size itself.

Classic innovators dilemma: If they can extract more value out of the current web2 product offerings (say, web2 yield and fees), why spend time and efforts developing an alternative that is going to yield less revenue for them?

Some organizations, probably Coinbase, are resilient and fight against this, but most won't, specially in emerging economies

The innovator's dilemma is indeed a tough challenge. Balancing immediate profit with long-term innovation requires vision and risk-taking. Have you seen any strategies that successfully address this dilemma?