Asheesh Birla, a board member at Blockchain Company Ripple, believes that Blockchain is “Unbundling”.
Birla has compared this development with the bifurcation of newspapers through the internet. He believes that the same thing happens with banking institutions.
Newspapers were eventually subdivided into classified advertisements (Craigslist), Recipes (Pinterest and Food Plogs), Opinion columns (Substack and Medium), vacancies (LinkedIn), and so on.
Birla has repeated a take by Bloomberg Opinion columnist Matt Levine, who believes that Stablecoins are on the rise as a new form of narrow banking.
In the meantime, the market capitalization of Ripple USD (RLUSD) has now surpassed $ 300 million.