YOUTUBE IS THE NEXT NEOBANK

Summary from the TLDR Founders newsletter

The next wave of neobanks probably won't look like banks at all. Every past winner found the spot where incumbents overcharged, SoFi on income-based underwriting, and Nubank on no-fee cards in Brazil. Now, stablecoins have made the deposit layer so cheap that accounts alone don't get you anywhere. What matters is owning the income relationship. YouTube has paid creators $100B+ since 2021 and just turned on stablecoin payouts.