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Simon Taylor, Co-Founder at 11:FS, highlights that virtual addresses now allow developers to build fintech programs directly onchain using stablecoins.
According to Taylor, this removes the need for middleware solutions, streamlining the process for onchain fintech innovation.
Taylor has previously noted that Coinbase's yield-bearing stablecoins have not led to displaced deposits. He also pointed to Plaid's $500 million in annual recurring revenue and rapid growth driven by new products. His recent comments add to ongoing coverage of infrastructure changes in fintech and crypto.