Banks aim to regulate stablecoin yields and open banking The American Bankers Association (ABA) has put forward new legislative priorities aimed at limiting the profitability of stablecoins and access to customers' financial data within the open banking concept. This is happening against the backdrop of active debates in the U.S. Congress on regulating the cryptocurrency market. According to the ABA, the high returns that stablecoins can generate pose a threat to the traditional banking system. The association believes that limiting stablecoin rates will help preserve the competitiveness of bank deposits. In addition, banks are opposed to the free exchange of customers' financial data within the framework of open banking, fearing a loss of control over this data. The position of the banking lobby reflects the desire to maintain their influence and dominant position in the financial market.…