AllianceDAO co-founder QwQiao expressed skepticism about stablecoins replacing Visa and Mastercard in the near future. In a statement on X, QwQiao highlighted that the current fee structure in traditional payment systems, where a $100 transaction involves $1.80 for consumer rewards, $0.45 for the issuing bank, $0.60 for the acquiring bank, and $0.15 for the card network, creates long-term incentives for all parties involved. This structure, according to QwQiao, supports the scale and sustainability of traditional payment systems, making it challenging for stablecoins to compete effectively.