Despite the turmoil in the global banking industry and increased regulatory oversight, it appears that traditional finance and decentralized finance (DeFi) are still converging.
For example, Mastercard has partnered with Australian stablecoin platform, Stables, to allow retail customers in the Asia-Pacific region to spend stablecoins anywhere Mastercard is accepted, and MetaMask’s parent company, ConsenSys, has expanded direct transactions with local banks in Nigeria.
However, OKX has announced that it will no longer provide services or allow users to open new accounts in Canada from March 24, 2023, and Bitcoin’s value proposition continues to climb, with some experts believing it may attract more institutional investors into the market.
