The American Bankers Association (ABA) announced plans to prioritize "restricted interest-bearing stablecoins" as a key policy goal in 2026, directly targeting the impact of stablecoins on the traditional banking system. Bank of America CEO Moynihan warned that without restrictions, up to $6 trillion in deposits could flow from banks to stablecoins, accounting for more than one-third of commercial bank deposits.
When stablecoins are viewed as "on-chain money market funds" and potentially threaten the foundation of bank deposits, is this an inevitable trend of financial innovation or the beginning of systemic risk? How do you view the relationship between stablecoins and traditional banks?
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HaonanChen
· 4h ago
Hold on tight, we're about to take off 🛫
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HaonanChen
· 4h ago
Hold on tight, we're about to take off 🛫
View OriginalReply0
HaonanChen
· 4h ago
Hold on tight, we're about to take off 🛫
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HaonanChen
· 4h ago
I don't know, I don't know why I feel a little better. You are all just floating clouds. Farm Story
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The American Bankers Association (ABA) announced plans to prioritize "restricted interest-bearing stablecoins" as a key policy goal in 2026, directly targeting the impact of stablecoins on the traditional banking system. Bank of America CEO Moynihan warned that without restrictions, up to $6 trillion in deposits could flow from banks to stablecoins, accounting for more than one-third of commercial bank deposits.
When stablecoins are viewed as "on-chain money market funds" and potentially threaten the foundation of bank deposits, is this an inevitable trend of financial innovation or the beginning of systemic risk? How do you view the relationship between stablecoins and traditional banks?