THE DEFI MULLET: HOW ETHEREUM WILL POWER FINTECH AT SCALE

Summary from the TLDR Crypto newsletter

The “DeFi Mullet” (fintech apps in front, Ethereum DeFi infrastructure in back) offers users the sleek UI they're used to with the benefits of permissionless finance. Ethereum enables faster integrations, real-time transparency, and immutable infrastructure for fintechs building financial products without legacy constraints. Coinbase's crypto-backed loans via Morpho are the first large-scale proof point, with $860M in collateral and 9,100 borrowers. As open finance stacks mature, the next wave of consumer-facing apps will be powered by Ethereum under the hood.