The CEO of a major U.S. bank recently issued a noteworthy warning. As the CLARITY Act advances, if the bill ultimately allows stablecoins to offer interest income to users, the consequences could be far more severe than expected—potentially transferring up to $6 trillion in bank deposits en masse to stablecoin products on blockchain networks like Ethereum.

The core concern of this executive is quite straightforward: users will vote with their feet. Once stablecoins can provide competitive yields, and DeFi applications deployed on Ethereum offer higher returns, the attractiveness of traditional bank deposits will significantly decline. From the banks' perspective, this is not just a competition for market share but a paradigm shift in the entire financial ecosystem.

This voice reflects the genuine attitude of traditional financial institutions towards Web3 innovative products—both as a challenge and an opportunity.