Sid Powell, CEO of Maple, on Robinhood bringing the DeFi mullet from theory to reality
With 30 million users and $350 billion in client assets, Robinhood is the clearest example yet of the DeFi mullet, DeFi in the back end, a sleek fintech Web2 experience in the front. To users, it’s just a button that says earn on your US dollar balances. They never see the stablecoin swaps running underneath, and they don’t have to understand the DeFi mechanics, navigate wallets, click approvals, or deal with the security friction that’s held the sector back for years.
#DeFi #Robinhood #Maple #Stablecoins #Crypto
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