FROM DEFI TO NEOFI: THE NEXT CHAPTER

Summary from the TLDR Crypto newsletter

The next crypto opportunity is "Neo Finance" — products bridging onchain and offchain financial systems rather than purely DeFi protocols, targeting friction at onramps, offramps, and real-world yield applications. Major validation includes Coinbase's $1.2B+ USDC loan origination through Morpho, Ethena's $7B+ TVL, Stripe's $1.1B Bridge acquisition with 101-country stablecoin rollout, and B2B stablecoin payment growth of 733% YoY against a $300B+ stablecoin market generating $35T in 2025 transaction volume.