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Stripe CEO Patrick Collison believes the growing popularity of stablecoins will eventually force banks to raise deposit yields or risk losing customers. Key Takeaways: Stripe CEO Patrick Collison says stablecoins will pressure banks to offer more competitive deposit yields. He criticized banks’ reliance on low-interest savings accounts, calling it an unsustainable and consumer-hostile strategy. As stablecoins grow, market forces may force traditional banks to adapt or lose customers. In a post res ...

Core Insights - Société Générale is actively engaging in decentralized finance (DeFi) by integrating its euro and dollar stablecoins with major DeFi platforms like Uniswap and Morpho, marking a significant step beyond pilot projects in the banking sector [2][3][4] Company Developments - SG Forge, the digital assets arm of Société Générale, has integrated its USDCV and EURCV stablecoins with Uniswap, which has a monthly trading volume exceeding $100 billion, and Morpho, a lending protocol with $11 billion in deposits [2] - The integration allows institutional clients to swap stablecoins and other crypto assets on Uniswap and to lend and borrow against them through Morpho [2][3] Industry Trends - The DeFi lending sector is gaining traction, with deposits to DeFi lending protocols reaching an all-time high of $130 billion in early September, indicating a strong demand for decentralized lending solutions [3] - Other banks, such as Credit Suisse and Standard Chartered, are also exploring digital assets and tokenization, reflecting a broader trend in the banking industry towards embracing DeFi and digital currencies [5] Regulatory Environment - Recent regulatory developments, including the European Union's MiCA rules and new stablecoin regulations in the US, are fostering a more favorable environment for banks to engage with digital assets [6] - Future regulations, such as the planned market structure bill in the US, are expected to further encourage banks to explore DeFi initiatives, although potential delays due to government shutdowns may impact this [6]

DeFi Protocol Analysis - Morpho's FDV/TVL ratio is 0083 [1] - Total Value Locked (TVL) in Morpho reaches $10 billion [1] - Speculation suggests Coinbase users may be unknowingly contributing to yield farming on Morpho [1]

Coinbase to boost stablecoin liquidity on Aave, Morpho, Kamino, and Jupiter via new Bootstrap Fund https://t.co/QoTcpqS6dB ...

Definition of Blockchain GDP - Blockchain GDP measures the USD value of end-user fees for interacting with a chain's applications [1] - The GDP metric excludes gas fees paid to the underlying chain [1] - On-chain transactions are classified as fees when the application can apply a take rate (0-100%) [1] - The GDP metric considers the total fee paid by the end user [1] - For example, if a borrower on Aave pays $100 in interest, the fee equals $100 [2] Rationale for Using Fees - The GDP metric is based on fees, not revenue, to include end-user payments from applications with a 0% take rate, such as Uniswap & Morpho [2]

General Observation - The data presented is considered truthful and reliable by Morpho Labs [1] Company Focus - Morpho Labs emphasizes the importance of data-driven insights [1]

TAC launches public mainnet to bring DeFi protocols like Curve and Morpho onto TON and Telegram https://t.co/qF3EGpSf5Q ...

Definition of Blockchain GDP - The GDP metric measures the USD value of what end users pay in Fees to interact with a chain's applications [1] - The GDP metric excludes gas fees paid to the underlying chain [1] - An onchain transaction by an application's end user is classified as a Fee whenever the application is entitled to apply a take rate (0-100%) on it [1] - The GDP metric takes into account the total Fee paid by the end user [1] Calculation and Application - Example: a borrower on Aave pays $100 in interest on their loan; the Fee equals $100 [2] - The GDP metric is intentionally based on Fees, and not Revenue, so that the end user payments of widely used applications that have a 0% take rate, such as Uniswap & Morpho, are taken into account [2]