The American Bankers Association warns that allowing stablecoin interest payments will accelerate deposit outflows and severely impact community bank loans BlockBeats news, on April 13th, according to an article in the American Bankers Association's (ABA) Banking Journal on April 13th, experts including the ABA Chief Economist pointed out that the recent research report by the White House Council of Economic Advisors (CEA) on payment stablecoins raised erroneous questions that may mislead policymakers. The CEA report mainly explores how the ban on stablecoin payments will affect bank loans, and concludes that the ban will only increase bank loans by about $1.2 billion, with minimal impact. However, ABA believes that the real policy concern is not the consequences of "prohibition", but rather the risks that may arise from "allowing" the payment of stablecoin issuance returns: Accelerating Deposit Loss: Allowing profits to stimulate households and businesses to transfer funds from bank deposits (especially community banks) to stablecoins will have a significant impact when the market size expands to 1-2 trillion US dollars. ABA analysis shows that loans in Iowa alone may decrease by $4.4 billion to $8.7 billion as a result. Impact on community banks: Deposit loss will force community banks to replace funds with higher cost wholesale financing (such as federal housing loan bank prepayments), pushing up their financing costs and reducing loans to local households and small businesses. Not a harmless' reshuffling ': CEA believes that deposits are only' reshuffling 'within the banking system and have little overall impact. However, ABA pointed out that the flow of deposits from community banks to a few large institutions or stablecoin reserve accounts will harm the field of dependent bank loans. ABA believes that prohibiting the distribution of income from stablecoins is a prudent protective measure that can enable stablecoins to mature and develop as innovative payment tools, rather than becoming an economic risk source for replacing insurance deposits.