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Bank of America CEO Warns: Allowing Interest on Stablecoins Could Lead to $6 Trillion in Deposit Outflows
WuBlock
Jan 15, 2026
#Macro
Bank of America CEO Brian Moynihan warned during the company's earnings call on Wednesday that if Congress allows stablecoins to pay interest, it could lead to as much as $6.00 trillion in deposits shifting from the U.S. banking system into stablecoins. This amount represents approximately 30% to 35% of total U.S. commercial bank deposits.
Moynihan noted that stablecoins are structured similarly to money market mutual funds, with reserves typically holding short-term instruments such as U.S. Treasuries, rather than being used for lending like bank deposits. If deposit outflows occur, banks' lending capacity would be impaired, or they would need to turn to more expensive wholesale funding sources
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