[American Bankers Association: To Make 'Prohibiting Stablecoin Yields' a Top Policy Priority in 2026] January 23 news, the American Bankers Association (ABA) stated that it will make 'curbing the offering of interest/yields/rewards on payment stablecoins' a top policy priority in 2026, reflecting concerns about stablecoins becoming an alternative to bank deposits. Bank of America CEO Brian Moynihan warned earlier this month that if the U.S. Congress does not restrict interest-bearing stablecoins, up to $6 trillion in deposits could shift away from banks, a figure that accounts for approximately 30% to 35% of total U.S. commercial bank deposits. Moynihan noted 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 securities) 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.