Robinhood believes yields should be passed on to the customer, criticizes traditional finance

Robinhood’s Johann Kerbrat took the stage along with Bullish CEO Tom Farley to speak of his platform's views on stablecoin yields and traditional financial systems. What to know : Robinhood executive Johann Kerbrat said stablecoin issuers and platforms should pass yield on to consumers while clearly disclosing that such products lack protections like FDIC insurance. Kerbrat argued that customers, once fully informed of the risks and guarantees, should be free to choose between high-yield savings accounts, stablecoins or tokenized payment options. He said traditional T+1 settlement is an outdated systemic risk and outlined Robinhood’s push into tokenization and 24/7 trading via its new Ethereum Layer 2, as NYSE and Nasdaq also race to launch round-the-clock tokenized stock markets.