TradFi is on track to absorb DeFi.
 
Visa’s Tokenized Asset Platform (VTAP) lets financial institutions issue & manage fiat-backed tokens on blockchain, with Visa handling EVM infrastructure.
 
DeFi may just become a better protocol, while 99% of users keep relying on intermediaries.
 
For full decentralization believers: maybe it’s already over.

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I think the goal was always to decentralize the core infrastructure so that new players can enter...