Stablecoins are an enormous innovation in currency, but what we need now is a new generation of banking institutions that believe in crypto values Low or no custody, low fees, fast and frictionless rails Old school banks will cancel the benefits of stables

Some neobanks are a step in the right direction, but the right model is even more decentralised Stablecoins as primary, Privy-like self custody and signing, stablecoin payment cards, access to DEXs and tokenized products, and ability to offramp to fiat only as secondary

This would disrupt the entire concept of fractional reserve banking Without harming "interest" earning accounts; stablecoins themselves will issue psuedo-interest, and onchain products safely yield >5% Customer wins in every dimension