The American Bankers Association will make stablecoin yield a top priority in 2026

DeepFlowTech · 2026-01-23T05:33:06+00:00

The American Bankers Association has listed cracking down on stablecoin yields as a top priority for 2026, concerned that it could harm the competitiveness of the banking industry and prevent deposit substitution through measures such as banning interest payments. Circle's CEO opposed this view, stating that such concerns are unrealistic.

DeepFlowTech

2026-01-23 05:33:06

Abstract generation in progress

Deep Tide TechFlow News, January 23 — According to Cointelegraph, the American Bankers Association (ABA) has listed cracking down on stablecoin yields as a top priority for 2026. This is part of its ongoing debate with US legislators, with the banking industry arguing that it would harm the competitiveness of the banking sector.\n\nOn Tuesday, ABA stated that one of its priorities this year is “to prevent payment-type stablecoins from becoming a substitute for deposits by prohibiting paying interest, yields, or rewards to prevent community banks from reducing loans.” Earlier this month, US Bank CEO Brian Moynihan said that up to $6 trillion could shift from banks to interest-paying stablecoins.\n\nCircle CEO Jeremy Allaire dismissed concerns that stablecoin yields could trigger bank runs as “completely absurd.”

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.