2026-01-17 12:21:25

American Bank CEO Brian Moynihan recently made a very interesting statement, directly highlighting the contradiction between traditional banks and the crypto space.

What is his core concern? If stablecoins are truly allowed to offer interest income, the US banking system could face outflows of up to $6 trillion in deposits. How outrageous is this figure? It accounts for roughly one-third of total US bank deposits. Once this money flows into the crypto ecosystem, traditional banks lose their "lifeblood" for lending, and the entire credit system could be impacted.

Moynihan also complained about one point: stablecoins are essentially "high-yield money market funds wrapped in blockchain." But the key difference is that stablecoin issuers are almost unregulated, while traditional banks are tightly bound by various regulations. This unequal competitive environment naturally threatens the banking giants.

Interestingly, it's not just US banks raising concerns. The Independent Community Bankers of America ( ICBA ) also stepped forward, directly calling on regulators to prohibit exchanges from offering interest or rewards on stablecoins. In plain terms, traditional banks simply cannot compete with on-chain assets in terms of yields, so they want to use policy measures to "protect their cheese."

What does this dialogue actually reveal? The potential of stablecoins as "digital deposits" is indeed huge—such urgency from the giants proves that their worries are not unfounded. Given the yields available on-chain, would you still prefer to keep your money in a traditional bank account?

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RebaseVictim

· 5h ago

Haha, traditional banks are really getting nervous. The threat of $6 trillion shows that stablecoins truly hit a nerve.

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Whale_Whisperer

· 5h ago

Haha, isn't that just fear? Talking about $6 trillion so frighteningly shows that stablecoins really hit a nerve.

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TopBuyerBottomSeller

· 5h ago

Haha, laughing to death, the bank is indirectly admitting that they can't beat us.

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ResearchChadButBroke

· 5h ago

Haha, traditional banks are panicking and starting to throw data around to scare people. The 6 trillion yuan rhetoric is so outdated. Speaking of which, does the interest on stablecoins really threaten them? It feels more like just intimidating the government. Banks are bound and restricted, while on-chain freedom allows for smooth sailing. The difference is indeed huge, no wonder they’re so agitated. Moenihan is actually not wrong, but they just want to use policies to crush their opponents forcefully, which is really unprofessional. When regulatory bans come, stablecoin yields will cool off, but who can stop the opportunities on the chain? Anyway, I’ve already moved on-chain long ago. Outflow of 6 trillion yuan in deposits... just imagine the scene, the smell of a banking system collapse, haha. Instead of complaining, it’s better to learn how to increase your returns. If you insist on playing the regulatory card, there’s really no other way.

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EternalMiner

· 6h ago

Haha, the bank is really panicking. The threat of 6 trillion is looming, and everyone is anxious.

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BearMarketSurvivor

· 6h ago

The supply chain of 60 trillion dollars is about to break, no wonder the banking system is so anxious. This is a sign of capital flow reorganization; historical cycles tell us — the greater the panic, the clearer the opportunity window. --- Banks are only now crying foul? It should have been clear earlier. No regulation vs. heavy regulation, essentially two different tracks, no wonder. --- The real issue isn't how strong stablecoins are, but that the traditional bank accounts with zero yield are already dead. This isn't competition; it's users voting with their feet. --- The eye-catching figure of 6 trillion dollars, but don't forget — the money flowing out is real money too. Risk hedging is the core of this game; pushing all in one side is a suicidal move. --- Moenihan's urgency highlights one point: the narrative of stablecoins has shifted from a technical issue to a systemic risk level. This is the real signal worth paying attention to. --- Regulatory bans are coming; this tactic has been seen too many times in bear markets. But can it hold up? Capital always finds a gap. --- In simple terms, whoever can make money make more money, users will follow. The era of banks' "privileges" is indeed shaking.

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