Getting paid in stablecoins is a great step but it’s not the whole story. Ask yourself: why do you bank where you bank? The initial reason was probably mundane: location, recommendation, signup offer. But why do you stay? Because your checking account is connected to everything that matters. It’s the clearing layer of your financial life. Money flows in from payroll, refunds, and transfers, and flows out to rent, credit cards, Venmo, and investments etc. You don’t switch because that web of integrations is what keeps your financial life running smoothly. That’s why payroll in stablecoins (like Paxos x Toku’s USDG move) is a promising start, but not yet a full replacement. Would I switch today? No, my neobank wallet isn’t (yet) connected to all those things like my bank account is. For stablecoin wallets to compete, they need interoperability: ACH, direct debit, wires, bill pay, card top-ups, investments. In emerging markets, the trade-offs make sense; in the U.S., not yet. Still, it starts here. Once wallets match that level of connectivity, the center of gravity can shift, but well banked users need a compelling reason to switch. In the short term, the impact is greatest for users in emerging markets. Would you switch to stablecoin payroll?