Kraken CEO Pushes Back Against Bankers Over Stablecoin Yields

[tradelikepro]

Kraken CEO David Ripley has hit back at a senior American Bankers Association (ABA) executive who argued that allowing exchanges to pay interest on stablecoins harms banks’ ability to support communities.

ABA’s Brooke Ybarra claimed such yields would undermine stablecoins’ role as payment tools rather than stores of value. Ripley disagreed, saying consumers should be free to choose where and how they hold value, adding that crypto is “building toward something else — a system where services once reserved for the wealthy are accessible to everyone.”

[JanEmil]

Each person promote their own case

[Nahid10]

Kraken’s stand highlights how DeFi yield models are challenging traditional banking norms.

[EmTeam]

This clash underscores the tension between decentralized innovation and centralized regulation.