Crypto banks are emerging as a solution for users who prefer to keep their wealth on-chain rather than converting it back to traditional bank deposits. These institutions leverage the yield from government bonds backing stablecoins, offering returns that traditional banks cannot match. This development addresses the longstanding issue of merchants not accepting cryptocurrencies, making it easier for users to manage and spend their digital assets directly from platforms like Ethereum wallets and DeFi protocols.
Crypto Banks Offer On-Chain Wealth Management and Spending Solutions
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