2026-01-13 22:22:28

Recent attitudes of major financial institutions towards the stablecoin ecosystem have attracted attention. From the latest earnings call, globally renowned banks have explicitly stated: while they support blockchain technology itself, they remain highly cautious about certain stablecoin designs.

What are the core concerns of banks? Simply put, those stablecoins that can generate interest income. The reason these products have become targets is straightforward—fast transactions, low costs, and the ability to earn interest. They are gradually becoming as attractive as traditional bank deposits, or even better. This poses a tangible threat to the deposit base of the traditional financial system.

The stance of financial institutions is largely aligned with the regulatory directions being advanced by the U.S. Congress. Legislators are reviewing new digital asset legislation that explicitly targets one goal: to prohibit paying interest solely for holding stablecoins. The purpose of this restriction is clear—prevent stablecoins from evolving into a parallel financial system that is not subject to traditional banking regulation.

Industry executives have stated that the banking sector welcomes innovation and competition, but the premise is that all participants must operate under the same regulatory framework. In other words, if you want to provide services similar to a bank, you must accept banking-level regulation—that is the core point of disagreement in the entire discussion.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

14 Likes

Reward
14
6
Repost
Share

Comment

0/400

BankruptcyArtist

· 23h ago

Haha, laughing to death, the banks are panicking. I see through this move. --- Banning interest? Basically, they're just afraid of losing their jobs. Old tricks. --- The current regulatory framework is really just to protect their monopolistic system, as they say nicely. --- Earning stablecoins are indeed very attractive. No wonder traditional finance can't sit still. --- Let's wait and see. Once the policy is out, this area will cool down completely. --- But to be honest, it does seem a bit like protecting vested interests. --- The US Congress's move is quite harsh, directly stifling the possibility of innovation. --- Banks say they welcome competition? Haha, they probably just welcome your death in competition. --- The term "parallel financial system" is cleverly used; it threatens them. --- It's only a matter of time. Web3 will ultimately have to compromise with reality.

View OriginalReply0

fomo_fighter

· 23h ago

Banks backed down, and they panicked as soon as stable yield tokens appeared. It's basically just fear of ruining their own business, and they have to come up with reasons like regulatory frameworks. Here they go again—innovation should be free but not profitable? Laughable. By the way, will banning interest-bearing stablecoins really work? I doubt it. Traditional finance has never stopped suppressing us. This time, we really need to see what the US will do; it feels like another signal to cut the leeks. Banks are teaming up to target yield tokens, presenting a united front—just the old tricks. It sounds like a monopoly defending itself, feeling very resentful. I don't understand why interest is considered a threat—if they have the ability, they should innovate too. This time, banks have truly torn off the mask and will no longer pretend to support innovation.

View OriginalReply0

ContractFreelancer

· 23h ago

Ha, the banks are getting nervous again. Isn't this the sound of monopoly being shattered? Wait, banning interest? Is that still called a stablecoin? It’s just turned into a cold, impersonal transfer tool. Really, they say "welcome innovation," but then turn around and want you to accept bank-level regulation. Isn’t that just saying "innovation is fine, but only if you listen to me"? It’s outrageous. Why does traditional finance always use regulation to stifle competition rather than improve itself? Basically, they’re afraid—afraid we won’t need their deposit accounts anymore. I’ve finally seen through this move; the era of giving money is coming to an end. Regulatory frameworks are all over the place. I just want to ask, where is the original intention of decentralization? Banks: You can innovate, but you have to follow my rules. That’s hilarious.

View OriginalReply0

Blockchainiac

· 23h ago

Haha, the bank is panicking. To put it simply, they are afraid we will steal their business. --- Banning interest? That's hilarious. This is the smell of monopoly. --- I really can't hold back anymore. Why can they sit back and collect money while we can't? --- Here they go again, without a regulatory framework for innovation, they can't play. --- So basically it's a power struggle, not about protecting consumers. --- Stablecoins with interest really hit the bank's sore spot. --- When regulation comes, innovation dies. When will this cycle end? --- Honestly, the traditional financial system should have been disrupted long ago. --- Double standards are unbelievable. They lend money as a service, and we get restricted. --- Just wait, once the ban is in place, stablecoins will come up with new tricks.

View OriginalReply0

LightningLady