Maple Finance CEO: The DeFi Category Will Be History

Maple Finance CEO Sid Powell Signals the End of DeFi

Maple Finance CEO Sid Powell indicates that DeFi as a separate category has come to an end. Powell predicts that all capital market activities will eventually be consolidated on blockchains. This change is believed to create a significant evolution in financial markets.

Tokenized Private Loans Will Stand Out

According to Powell, tokenized private loans will emerge as a growth engine in blockchain financial services. The value of the DeFi market is on track to reach 1 trillion dollars. This means that the role of cryptocurrencies and blockchain technologies in the financial sector will increase.

50 Trillion Dollars in Stablecoin Payments Expected by 2026

Powell also anticipates a high-profile blockchain credit default to occur. He also predicts that due to the search for lower fees by small businesses and neobanks, the amount of payments made in stablecoins will reach 50 trillion dollars by 2026.