PANews reported on January 23 that, according to Cryptopolitan, the American Bankers Association has listed "preventing stablecoins from generating returns" as its top lobbying goal for 2026. The association believes that interest-bearing stablecoins will become a substitute for bank deposits, potentially leading to trillions of dollars flowing out of the traditional banking system, thereby weakening banks' lending capacity and jeopardizing their core role in the financial system.

In response, Circle CEO Jeremy Allaire refuted concerns at the Davos Forum, calling the idea that stablecoin yields would affect bank deposits "completely absurd," and pointing out that yields could enhance user stickiness and that stablecoins would become an essential payment system for AI agents conducting large-scale transactions in the future. Opponents, however, argue that this move aims to protect bank interests, restricts fintech innovation, and puts the US dollar at a disadvantage in competition with China's digital yuan.