Kraken CEO Addresses Banker’s Criticism of Stablecoin Yields

In a recent conference, Kraken co-founder Jesse Powell addressed criticisms levied by traditional bankers regarding stablecoin yields. This comes amidst increasing tensions between crypto and traditional finance, with the market dynamics impacted as Kraken continues to prioritize enhanced staking services despite skepticism from bankers. Powell’s response underscores Kraken’s commitment to expanding its client custody offerings while navigating the challenges of high yield returns.