[Delphi Digital: Stablecoins May Impact Bank Interest Margin Model, Deposit Outflow Risks Under Scrutiny] Odaily Planet Daily News – Delphi Digital stated in an article that, compared to debates on national security, the potential impact of stablecoins on the traditional banking profit model is more direct. Currently, the yield on U.S. Treasury bonds is approximately 3.89%, while the interest rate on regular savings accounts is around 0.39%. Banks generate interest margin income through deposits. The article pointed out that stablecoins are also backed by assets such as Treasury bonds, and issuers are exploring mechanisms to distribute yields to holders. If this model is widely adopted, it could drive funds away from the traditional banking system toward stablecoins, thereby weakening banks' ability to access low-cost capital and provide credit.