The future innovation will sit somewhere between the traditional, extremely powerful revenue models (deposits and lending) and the fintech business models (captured interchange and fees).
Just a few neobanks in the world leverage both models. We serve them to you on a platter.
The stablecoin opportunity for fintechs is not only cheaper payments. It is revenue architecture.
Banks are usually valued on deposits, lending margins and credit quality. Fintechs get rewarded when revenue looks more like fees, software, payments and platform economics.
Stablecoins sit right in the middle. They can create new fee layers around: payments,FX,conversion,treasury movement,merchant settlement,tokenized assets, embedded finance.
That is why Circle, Stripe, PayPal, Robinhood and Mercury moving closer to bank-like infrastructure is so interesting.