The pressure on traditional banks is coming. Recently, the management of a leading compliant platform publicly stated that traditional financial institutions are lobbying regulatory authorities behind the scenes, attempting to restrict stablecoins from paying interest or other forms of yields to users by amending existing legislation.

The core issue here is: platforms like some mainstream exchanges allow users holding stablecoins to earn yields. Banks see this opportunity, are both envious and unable to access it, and thus want to change the rules—effectively blocking this pathway. In plain terms, this is a form of "technological suppression" by the traditional financial system against on-chain innovation.

The impact on ordinary investors is very direct. If such lobbying succeeds, the earning potential on stablecoins will be significantly reduced, and options will become more limited. However, there is an interesting counterlogic—precisely because banks and traditional institutions are so actively opposing, it indicates that the yield-bearing stablecoin model has already touched the core interests of traditional finance, and also demonstrates the future potential of such innovations.

In terms of recent strategies, it is advisable to prioritize large platforms that have already obtained compliance qualifications and have publicly stated opposition to such regulatory restrictions. These platforms generally have stronger risk resistance. In the long run, truly valuable innovations are often unafraid of policy suppression and may even develop more resilient business models in the process. Policy directions will continue to evolve, so this is a matter worth ongoing monitoring.