ABA Survey: Consumers Support Limiting Stablecoin Yields to Reduce Financial Risks

CycleProphet · 2026-03-11T00:21:14+00:00

The latest survey by the American Bankers Association shows that consumers support banning stablecoin rewards, believing this could reduce bank lending funds and impact economic growth. At the same time, many believe legislation should be cautious to avoid disrupting the existing financial system. The survey also indicates that most people do not hold stablecoins and are cautious about their future use.

CycleProphet

2026-03-11 00:21:14

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Deep Tide TechFlow News, March 10 — According to The Block, the latest survey released by the American Bankers Association (ABA) shows that if Congress bans stablecoin rewards, there is a “potential risk of reducing banks’ available lending funds and impacting economic growth,” with consumers supporting this view at a 3-to-1 ratio. Additionally, consumers agree at a 6-to-1 ratio that “stablecoin legislation should be cautious and not take any measures that could disrupt the existing financial system.”

The survey was conducted by Morning Consult and was released at a time when U.S. legislators are at an impasse over cryptocurrency market structure legislation due to banking industry lobbying against stablecoin yields. Banks, including JPMorgan, believe that stablecoin issuers offering yields could divert deposits from banks, thereby weakening the U.S. banking and local lending systems. The survey also shows that 80% of respondents have never held stablecoins, and 48% say it is “highly unlikely” they will buy, hold, or use stablecoins in the next 12 months.

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