A WORLD OF 1,000 STABLECOIN NEOBANKS

Summary from the TLDR Crypto newsletter

The current explosion of “stablecoin neobanks” isn't happening because we suddenly got brilliant product ideas, but because infrastructure has gotten good enough that anyone can stitch together a bank-like app. These apps lean on a tiny set of centralized providers and optimize for perks instead of reliability. When any of those infra providers fail, the neobank breaks, trust evaporates, and users retreat back to CEXs and TradFi. We don't need 1,000 flashy stablecoin banks that “usually” work, we need one built on rock-solid, redundant infra that always works.