Morgan Stanley: DeFi will continue to grow in 2021

Morgan Stanley CEO Andrew Peel says DeFi will remain popular in 2021.

The industry could move so far and quickly in the coming year that it will be difficult to keep it under control, he said. However, thanks to standardisation and active regulation, DeFi technologies will be widely used.

DeFi is a collection of services and blockchain applications that will help decentralised finance become an alternative to banks and replace traditional financial technologies.

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