According to the source, Bank of America CEO Brian Moynihan said interest-bearing stablecoins could siphon 6 trillion dollars from traditional bank deposits, which he argues would raise bank funding costs and increase borrowing rates for small businesses that rely on bank lending, source: Brian Moynihan, Bank of America CEO, Jan 16, 2026. For traders, the statement highlights that yield-paying stablecoin structures could become more competitive versus bank deposits, potentially redirecting cash toward on-chain dollar instruments and increasing stablecoin liquidity across exchanges and DeFi, which can affect trading depth and spreads, source: Brian Moynihan, Bank of America CEO, Jan 16, 2026. Equity and credit investors may need to reassess deposit sensitivity and net interest margin risk for banks if deposit migration to interest-bearing stablecoins develops along the lines Moynihan outlined, which would align with his warning about higher borrowing costs, source: Brian Moynihan, Bank of America CEO, Jan 16, 2026. Key watch items for positioning include bank deposit flows, small business lending rates, and any policy signals that address interest-bearing stablecoins specifically, since Moynihan identified the interest component as the catalyst for large-scale deposit outflows, source: Brian Moynihan, Bank of America CEO, Jan 16, 2026.