Research cited by Techub says stablecoin reward programs did not cause deposit outflows from U.S. community banks, pushing back on claims from the American Bankers Association. Data from June 2019 to March 2026 showed community bank deposits rose by $482 billion, or 26%, during the same period when platforms including Coinbase offered stablecoin rewards. Charles River Associates found no significant relationship between stablecoin activity and declines in bank deposits. A White House analysis also suggested that even a full ban on stablecoin rewards would lift traditional lending by only 0.02%, or about $2.1 billion, with most of that increase going to large banks. On the legislative side, the GENIUS Act allows third-party platforms to offer rewards, while the CLARITY Act seeks to restrict that channel.
Research cited by Techub says stablecoin reward programs did not lead to deposit losses at U.S. community banks, countering claims from the American Bankers Association.
Data covering June 2019 through March 2026 showed community bank deposits grew by $482 billion, a 26% increase, during the same period when platforms including Coinbase offered stablecoin rewards.
A study by Charles River Associates found no significant relationship between stablecoin activity and declines in bank deposits.
A White House analysis said that even a complete ban on stablecoin rewards would increase traditional lending by only 0.02%, or about $2.1 billion, and that most of the added lending would go to large banks.
On the policy side, the GENIUS Act permits third-party platforms to offer rewards, while the CLARITY Act seeks to limit that channel.
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