**[Bank of America: Interest-bearing stablecoins may seize $6 trillion in bank deposits]** BlockBeats News, January 15, Bank of America CEO Brian Moynihan warned that if the U.S. Congress does not restrict interest-bearing stablecoins, up to $6 trillion in deposits could shift away from banks. This figure accounts for approximately 30% to 35% of total deposits in U.S. commercial banks. Moynihan stated that the structure of stablecoins is similar to money market mutual funds, with their reserves held in short-term instruments (such as U.S. Treasury bonds) rather than being used for bank loans like traditional banks. Under this model, funds operate outside the traditional banking system, leading to a shrinking deposit base that banks rely on to support loans for households and businesses. This issue is also the most controversial aspect of the **CLARITY Act** (Crypto Market Structure Bill). The draft includes a provision prohibiting digital asset service providers from paying interest or returns to users simply for holding stablecoins. Notably, the bill distinguishes rewards based on activities, allowing rewards tied to staking, providing liquidity, or offering collateral, while prohibiting rewards for idle balances in accounts.