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Robinhood (US trading platform) says stablecoin (crypto pegged to fiat) yields should go to customers — criticizes traditional finance

Johann Kerbrat of Robinhood (US trading platform) appeared on stage with Thomas Farley of Bullish (cryptocurrency exchange) to outline views on passing stablecoin (crypto pegged to fiat) returns to users and shortcomings in traditional financial systems.

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Terms & Concepts
  • Stablecoin: A cryptocurrency designed to maintain a stable value by pegging to assets like the US dollar.
  • Yield: Interest-like returns generated from holding or lending assets, often via crypto lending or treasury programs.
  • Traditional finance (TradFi): Conventional financial institutions and systems such as banks, brokers, and payment networks.