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Kraken CEO hits back at ABA over stablecoin yield remarks – TON BOT

Kraken CEO hits back at ABA over stablecoin yield remarks

A dispute arose between U.S. banks and crypto firms when Kraken’s CEO criticized the American Bankers Association for opposing stablecoin interest payments. The debate revolves around competition, with the GENIUS Act providing a framework for stablecoin issuers. Banks fear deposit flight, while crypto platforms advocate for consumer choice and market competition.


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