A coalition including America’s Credit Unions, the American Bankers Association, and community financial institutions sent a joint letter to the US Senate on January 12-13, 2026. These organizations are asking Congress to close a loophole in the H.R. 3633 digital asset bill that could allow payment stablecoins to offer yields. The US Treasury estimates that $6.6 trillion in deposits could be at risk from this possibility. Credit unions and community banks, which rely on local deposits to fund home loans and small business credit, would be disproportionately affected by any capital flight into stablecoins.
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