Kraken Co-CEO: Stablecoins Are a "Far Superior" Payment Mechanism | Markets Outlook

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4.8 • 689 Ratings

🗓️ 7 November 2025

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

Unpacking market volatility, stablecoins, and Kraken's strategy with Co-CEO David Ripley. Kraken Co-CEO David Ripley joins CoinDesk’s Jennifer Sanasie and Andy Baehr to discuss the firm's record-breaking Q3 growth and its strategy to merge traditional finance with crypto by moving into futures and equities trading. Ripley highlights the "network effect" that has made stablecoins the default settlement currency for exchanges and integrated crypto businesses. He also addresses the compression of Bitcoin volatility and how Kraken is catering to both seasoned individual pro traders and the broader, derivatives-shy retail consumer base. - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit ⁠⁠⁠⁠⁠⁠midnight.network/break-free⁠⁠⁠⁠⁠⁠ - OwlTing (Nasdaq: OWLS) is building invisible rails for global payments. With OwlPay, businesses and users can bridge fiat and stablecoins, send money instantly across borders, and access stablecoin checkout at lower costs. Licensed worldwide, OwlTing delivers secure, compliant, and regulated infrastructure for the digital economy. Learn more at ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠owlting.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. - Genius Group has partnered with CoinDesk for Bitcoin Treasury Month, launching the Genius x CoinDesk Quest. Participants can join the Bitcoin Academy, complete free microcourses from experts like Natalie Brunell and Saifedean Ammous, and enter to win 1,000,000 GEMs (worth 1 BTC) promoting bitcoin education and adoption. Learn more at: ⁠https://www.geniusgroup.ai/coindesk-bitcoin-treasury-month/⁠ - This episode was hosted by Jennifer Sanasie and Andy Baehr.

Transcript

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0:00.0	Stable coins are just a far superior payment mechanism than anything that exist in traditional financial services.
0:06.7	Far superior. We, of course, back in the day, thought like, hey, well, how are we going to get Bitcoin and or stable coins to be used for payments?
0:16.6	You have this huge catch-22, where in order for them to be used by payments it takes two.
0:22.6	It takes a sender and a receiver and so you need to build a network.
0:26.2	And the problem is, is in order for everyone to kind of like adopt stable coins or Bitcoin all at once to use in the payments,
0:32.9	it just isn't going to happen.
0:34.2	But what we saw happen is that many people adopted Bitcoin for whatever
0:39.3	purposes. A big one, the inflation hedge, the investment on future gain and adoption of the network,
0:46.1	all that type of thing. That put Bitcoin and stable coins in many people's hands. Stablecoins then
0:51.7	kind of arose as this settlement currency across all of the
0:56.0	centralized and decentralized exchanges.
1:02.5	Break the cycle of exploitation, break down the barriers to truth, break into the next generation
1:09.8	of privacy, break free. Free to scroll without break into the next generation of privacy, break free.
1:11.8	Free to scroll without being monetized, free from censorship, freedom without fear.
1:16.1	We deserve more when it comes to privacy.
1:18.2	Experience the next generation of blockchain that is private and inclusive by design.
1:22.7	Break free with midnight, visit midnight.net.net.net. Network forward slash break dash free.
1:26.8	Looking for a faster, cheaper way to move money worldwide.
1:29.6	Owlting, now listed on the NASDAQ under the ticker symbol Owls, is building the rails for stable
1:33.9	payments. Convert fiat to stable coins and send money as easily as a text message. Learn more at
1:39.7	owlting.com.
1:40.9	Coin desk Bitcoin Treasury Month is brought to you by Genius Group. A Bitcoin Treasury Company listed on the New York Stock Exchange under the ticker GNS.
	...

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