Here's the real tension nobody wants to admit: if stablecoins start offering meaningful yield, you're looking at a massive capital exodus from traditional banking. Why sit on retail accounts earning zero percent when you can get Treasury-level returns on stablecoins? Banks understand this threat better than anyone.

The regulatory framework—what we call the 'Genius Act'—will face serious pressure to adapt. Either they amend it to protect traditional finance, or they watch capital flood out anyway. This is the fundamental conflict crypto regulation has always dodged. The math is too compelling to ignore: competing on yield forces a reckoning.