Recently talked a lot with merchants doing stablecoin acquiring. They are not well-known in the crypto industry, but they have onboarded many traditional foreign trade merchants to use stablecoins. The business capital sedimentation and trust costs lead to high user stickiness. As long as they can sign about ten or so merchants, they can thrive. Acquiring and payment processing are unlikely to have a winner-takes-all situation. The business is tough but solid, and it can effectively combat crypto nihilism.