Crypto infrastructure has shown a willingness to carry out bank-like operations, leading to a trend of neobank launches. Recent conflicts, however, raise the issue of crypto’s readiness to host neobanks. 

Crypto networks have been proposed as venues for neobanks multiple times. The rise of crypto payments also coincided with other digital neobanks, which used conventional technologies. 

As Cryptopolitan reported earlier, one of the key issues for crypto-based banking is the ability to pay yields based on stablecoin ownership. The contentious question is still not resolved for users in the USA, as there is still a discussion on competition with mainstream banks. 

Other bank experts have mentioned stablecoin issuers should not…