What value stablecoins settle? Go to any supermarket in the world and you'll see people paying with Visa or Mastecard every single minute. But where are the stablecoin payments? I never encountered a business, even a small one, that accepts stablecoins.
My guess is that most of the activity on stablecoin network is speculative trading, especially by bots. If someone shut down stablecoins tomorrow, the world wouldn't notice. If someone shut down Visa tomorrow, that would be Armageddon.
Many countries are actually adopting crypto as a legal means of payment the only reason visa is still more in use is because many firms are not accepting crypto payments yet and I mean your supermarkets and other physical business that uses faits. And for now there isn't much demand for crypto payments for offline vendors. And I think you haven't read the article yet to see what I'm really talking bout
Just don't expect to much about adoption since if we talk about payment terms which is more secured then banking system can offer something more reliable and trusted than those stable coins in the market.
And I don't think its adoption will gain anything positive to the whole crypto since we cannot see some great price change with those type of coins. That's why we hear a lot of noise about bitcoin since it has a potential to rise up and can multiply the earnings of each holder so I guess that condition attract many people including those institutional investors adopt bitcoin.