the growth of stablecoins is going to significantly increase the lending share held by non-banks/shadow banks.
by making it easier to move money there's less reason to hold it in checking accounts where you get paid zero and the bank keeps the entire spread.
when you can move money into different fixed income products as easily as sending an email (or have an agent do it for you -> FSD money), a huge amount of funds will migrate over to fixed income/private credit products.
the TAM of onchain direct lending and private credit will be multiples larger than the tradfi version today. @maplefinance
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For context it took syrupUSDT over a year to cross $100m
The demand from fintech and neobank users for stablecoin yield is hitting an inflection point
New ATH in loans of $1.725B @maplefinance
