๐จ US Banks Fight Back Hard: Push to BAN Stablecoin Yields Before 2026 Elections! ๐ฅ
Big banks are sounding the alarm ๐จ โ they fear up to $6 TRILLION in deposits could vanish if stablecoins keep offering juicy yields! ๐ฑ The American Bankers Association is making this their #1 priority for 2026, urging Congress to kill interest/rewards on these digital dollars to protect lending & community banks. ๐ฆ๐ธ
Crypto heavyweights clap back ๐ฅ: Circleโs CEO calls the bank run fears โabsurd,โ while others warn a ban could hand global edge to rivals like Chinaโs digital yuan! ๐จ๐ณ vs ๐บ๐ธ
Meanwhile, Barclays jumps in with a smart investment in Ubyx โ building bridges for regulated stablecoins & tokenized money! ๐๐ฐ Shows even traditional giants are eyeing the future.
The battle is stalling crypto laws on Capitol Hill โ will yields survive, or get crushed pre-midterms? โ๏ธ๐
What do YOU think โ innovation killer or smart protection? Drop your take below! ๐
