The American Bankers Association (ABA) prioritizes cracking down on stablecoin yield in 2026 to prevent competition and potential deposit substitution. Bank of America CEO predicts $6 trillion may shift to interest-paying stablecoins. A loophole in the GENIUS Act could undercut traditional banks, according to ABA’s Community Bankers Council. Circle CEO dismisses concerns about stablecoin yields triggering bank runs, while others argue it may hurt the US dollar’s competitiveness against China’s digital yuan.

Read more at Cointelegraph: US Bank Lobby Says Fighting Stablecoin Yields A Top Priority