This uses blockchain only for marketing buzzwords.

Stablecoins require trusting that the coin issuer doesn't print money. This goes against the core premise of blockchain being trustless!

This is just a payment API with extra steps (all of the integrity and identity features use cryptography that works without blockchain, unless your definition of blockchain is broad enough to include git and matrix chats, then the stripe thing is a blockchain too).

not true of algorithmic stablecoins