2026-01-16 03:51:08

#数字资产市场动态 Traditional finance is experiencing an unprecedented shock.

The rise of interest-bearing stablecoins has already made Wall Street bigwigs sit up and take notice. A CEO of a major bank recently issued a rare warning during the quarterly earnings call: once interest-bearing stablecoins are widely adopted, the banking system could face a deposit outflow of up to $6 trillion. This is not alarmist talk, but a deep concern for the entire financial ecosystem.

His reasoning is quite compelling—funds attracted by stablecoins do not enter the real economy at all. A look at the Treasury Department's data shows that the asset allocation structure of stablecoins resembles that of money market funds. Reserve funds mainly buy short-term government bonds and other low-risk assets, rather than converting deposits into business loans like banks do. Is the difference significant? Absolutely.

What are the consequences? Once deposits are siphoned off by stablecoins, banks are forced to seek higher-cost funding channels, resulting in a sharp increase in the overall society's financing costs. This is not just a banking issue; small and medium-sized enterprises also suffer.

Therefore, the current draft of the Senate Banking Committee's crypto bill explicitly states: "Prohibit stablecoins from generating interest." It sounds serious, but it has sparked a storm in the crypto community.

A representative from a certain exchange immediately responded strongly: this draft includes restrictions on stablecoin reward mechanisms, blocking tokenized stocks, and systemic constraints on DeFi. Looking closely at these amendments, they essentially aim to "cut off stablecoin yields" to help traditional banks eliminate competitors. This is not regulation; it’s blatant market protection.

As a result, the Senate vote scheduled for January 15 has been postponed.

Now, this confrontation is no longer just a regulatory discussion but a direct clash between the old financial system and on-chain finance. Stablecoins have touched the core of the banking system—deposits and interest margins. How this unfolds is in the hands of legislators. Will stablecoins be "incorporated into the walls" and become controlled assets, or continue to be the variable that rewrites the rules of finance? The answer is truly critical.

This game is far from over. Keeping an eye on policy developments can help you better understand the reshaping of power between crypto finance and traditional finance.

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TokenStorm

· 01-18 09:11

$6 trillion in deposits lost? Have you checked the backtest data? How was this number estimated? The risk factor is too high. Wall Street is panicking. The draft to ban interest clearly is a naked squeeze; we are being treated as prey. On-chain data shows whales hoarding coins. What does this mean? This is the eye of the storm. The safest place is actually the center. The vote has been postponed to January 15. This signal needs to be read carefully; decision-makers are still bargaining. Opportunities lie in the uncertainty. Stablecoins vs. the banking system—this is no small matter anymore. It feels like a reshuffle is coming. Basically, it's a battle of interest rate spreads. Whoever can control financing costs wins. I bet on Chain, but disclaimer, everyone. Are miner fees going up? Under such policy uncertainty, the cost per transaction will increase. We need to do the math.

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SillyWhale

· 01-16 07:50

Damn, Wall Street is really panicking now haha Banks want to kill stablecoin yields? Laughable, this is just losing the game Losing 6 trillion USD, how can they sleep at night? Ridiculous Prohibit earning interest? That's outright monopoly. I just can't stand it Waiting to see how the vote on January 15th goes. The game has just begun The traditional financial tricks should have been overthrown long ago. Support on-chain finance DeFi is the future. The banking system is already a sitting duck Regulating stablecoins ultimately is just fear of revolution. Haha The interest margin being squeezed is well-deserved. Let them taste the feeling of being overturned This time is truly different from the past. Policy trends can decide everything. The key moment is here

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MetaMisfit

· 01-16 04:21

Is Wall Street scared? They want to kill stablecoins just by banning interest, hilarious. Isn't this just the final struggle of the monopolistic groups? Banks have enjoyed interest margin benefits for so many years, now they panic when on-chain finance disrupts it, which is understandable. 6 trillion yuan lost? Well, it depends on whether they have the guts to actually use it. Most people are still watching from the sidelines. How long can this voting delay last? It feels like the game of power has just begun. Ultimately, the compromise will depend on politicians' faces. Why does it seem that the more traditional finance suppresses stablecoins, the more people become interested in on-chain finance? Reverse psychology?

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SchroedingersFrontrun

· 01-16 04:18

Banks backed down; banning stablecoin interest is essentially a form of surrender. Wall Street is really panicking this time. Basically, they're afraid of being siphoned off... Who are they trying to scare with 6 trillion? What’s meant to come cannot be stopped. Postponing the vote to January 15? This show is far from over. Cutting off yields just to win—too naive. It's just the final struggle of traditional finance, and it will break sooner or later.

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OvertimeSquid

· 01-16 04:16

Wall Street is scared, the interest ban draft is just outright robbery, it’s fundamentally unjustified. Banks are panicking, stablecoins earning interest hit them where it hurts, this bill is blatant monopoly protection. Losing 6 trillion? Come on, DeFi is the future, old banks are just stubborn. Tokenized stocks also want to be banned? That’s just fear of being overthrown. Let’s wait and see how they turn things around after January 15th, this show is just getting interesting. Small and medium-sized enterprises are really being badly exploited, their financing costs are rising, all because of traditional finance messing around. Stablecoins should earn interest, why can’t we get the same interest as banks with savings accounts? Double standards. These old guys are already starting to fear on-chain finance, which shows we’re heading in the right direction. Regulation? That’s basically killing innovation, cutting off earnings to push people back into the banking system. The Senate folks are really playing tricks, delaying votes to put pressure, but they can’t change the overall trend.

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GasFeeVictim

· 01-16 04:14

Banning life? Laughing out loud, Wall Street is just afraid we will take their jobs away.

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