Short takes: Banks can operate blockhain networks and use stablecoins; DeFi at $20B TVL; Venmo cashes checks; Cred worth $800MM; $2B Quibi is dead; Japan distances from China

Hi Fintech Architects --

Welcome back to the subscribers-only letter! You are the best.

Here are the top updates hitting our radar:

1. Digital Banking: US based Fintech Challenger Chime to Offer $200 in “Spending Power” before Next Round of Stimulus Payments (link here)

2. Venmo adds a check-cashing feature, waives fees for stimulus checks (link here)

3. EarlyBird’s …