TradFi and DeFi coming together is delivering benefits for users and investors
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The announcement that MetaMask has debuted a blockchain-based debit card in partnership with Mastercard and Baanx is simply the latest example of how TradFi is moving slowly but surely into the tokenized asset space. Outside of the more obvious examples such as spot ETFs and developing tokens for internal utilization, TradFi and other payment processors continue to test and explore the benefits of tokenized transactions. The MetaMask Card, while only available in a pilot form to several thousand users in the European Union and United Kingdom so far, is set for a wider release later in 2024. Specific functionality that has been publicly disclosed includes that users will be able to make purchases directly with any USDC, USDT, and wETH held in MetaMask wallets.
While this is the first such major…
