Is STP still used?

In today's fast-paced financial and cryptocurrency landscape, one wonders if certain legacy practices still hold their ground. Specifically, the question arises: Is STP still used? STP, or Straight Through Processing, has long been a cornerstone in traditional financial transactions, facilitating the seamless flow of data from one system to another with minimal or no human intervention. However, with the advent of blockchain technology and decentralized finance, one might question if STP still finds relevance in the modern crypto ecosystem. Does it still play a pivotal role in ensuring efficiency and transparency, or has it been overshadowed by newer, more innovative solutions? The answer to this question holds significant implications for both traditional financial institutions and crypto enthusiasts alike.