Stablecoins and Self-Custody Fuel Growth of Crypto Neobanks in 2024

The financial landscape is witnessing a significant shift with the rapid emergence of crypto neobanks. A key driver behind this trend is the growing adoption of stablecoins, which offer price stability for everyday transactions and savings. Simultaneously, the increasing demand for self-custody solutions, where users hold their own private keys, is empowering individuals with greater control over their digital assets. These two forces are combining to create a new generation of banking platforms that seamlessly integrate traditional financial services with the benefits of cryptocurrency, challenging conventional banking models.