#Gate广场五月交易分享 U.S. Banking Lobbying Group Steps Up Efforts to Block Stablecoin Yield Products

The American Bankers Association (ABA) is launching a "last-minute" lobbying campaign to impose stricter restrictions on stablecoin yields before a key Senate vote. ABA points out that current legislative proposals, while allowing "activity-based" reward mechanisms, prohibit direct interest payments, which creates loopholes that could encourage capital to flow en masse from traditional bank deposits into stablecoins, thereby threatening financial stability. This game highlights the core economic threat that high-yield stablecoin products pose to the low-cost deposit model of banks. The outcome of this legislative battle will directly influence the growth trajectory of the U.S. stablecoin market, determining whether crypto platforms can offer competitive yields and thus challenge traditional savings products.