Svmuu The American Bankers Association (ABA) has publicly criticized the stablecoin report released by the White House Council of Economic Advisers (CEA), calling its analytical direction completely wrong. The CEA report argued that banning stablecoin yields would have minimal effect on protecting bank loans, increasing them by only 0.02%, while harming consumer interests. However, the ABA countered that the report sidestepped the real risk: allowing stablecoins to pay interest would lead to large-scale outflows of community bank deposits, increased funding costs, and tightened local credit. The ABA emphasized that the CEA's focus on the "impact of a ban" creates a false sense of security, and the rapid scaling of interest-bearing stablecoins is a more destructive scenario.