On-chain transaction volume does not equal real payment volume; compliance and banking relationships remain key bottlenecks.
Author: Wu Blockchain
Compiled by: TechFlow
TechFlow Editor’s Note: Crypto VC funding halved quarter-over-quarter in Q1, yet stablecoin payments became one of the few sectors continuing to secure large funding rounds consecutively. For practitioners, this marks capital shifting from “token narratives” to “real revenue,” and also means stablecoins are transitioning from trading tools to payment infrastructure. However, on-chain trading volume does not equal real payment volume; compliance, fiat on/off ramps, and banking relationships remain key bottlenecks.
Overall funding has cooled: In Q1 2026, crypto VC funding…
