As always banks believing they own everything and have the right to do it.
coinfeeds-bot on
tldr; Kraken CEO David Ripley criticized the American Bankers Association’s Brooke Ybarra for claiming that stablecoin yields harm banks’ ability to support communities. Ripley argued that consumers should have the freedom to choose where to hold value and accused banks of profiting from customer assets without sharing benefits. The debate highlights tensions between traditional banks and crypto platforms, as stablecoins offer higher yields than traditional savings accounts, challenging the banking sector’s dominance.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Master-Cicada1480 on
Banks ❌
Stablecoin✅
Odd-Radio-8500 on
Everything is detrimental wen banks aren’t the ones cashing in 😆
4 Comments
As always banks believing they own everything and have the right to do it.
tldr; Kraken CEO David Ripley criticized the American Bankers Association’s Brooke Ybarra for claiming that stablecoin yields harm banks’ ability to support communities. Ripley argued that consumers should have the freedom to choose where to hold value and accused banks of profiting from customer assets without sharing benefits. The debate highlights tensions between traditional banks and crypto platforms, as stablecoins offer higher yields than traditional savings accounts, challenging the banking sector’s dominance.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
Banks ❌
Stablecoin✅
Everything is detrimental wen banks aren’t the ones cashing in 😆
^(!tip 1)