DeFi-ing the odds: Why DeFi could rebuild trust in financial services

DeFi-ing the odds: Why DeFi could rebuild trust in financial services

Nowhere is the decline in trust more evident than in the financial services sector. In its 2021 Trust Barometer, Edelman found that only 53% of American respondents said they trusted those in the U.S. to “do what is right” — down 5% from its 2020 survey. You can see this in the battle between Main Street and Wall Street, which played out in January’s GameStop (NYSE:GME) rally. More than just another “short squeeze,” the rally highlighted the fact that many younger investors simply don’t believe in financial institutions.

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