What would be an incentive for an online business to accept stablecoins as a payment?
Price stability (let’s face it, we have had depegging in the major ones), security (critical) and finally some proof of concept!
Fees, yield, law regulation. If you can seamlessly integrate it all with defi and get like 5% in fully background apy. I think that could be really cool.
Business owners in the first stage seek to maintain the value of their assets, and in the second stage, seek secure investments to increase their volume. As long as the capital owners view stablecoins as risky, they cannot rely on them to preserve the value of their assets, unless they can convert them into an investment that, in their view, has the necessary safety against global market fluctuations at the moment.
Make it much cheaper than card networks. Make it so that it can be completely transparent to businesses (only see fiat transactions with guaranteed peg). Gradually incentivise merchants to stay in stables. Ask Squarespace to support ;-)