Midland States Bancorp Pref Share MSBIP 7.75 Perp 09/30/27(MSBIP.US)

Stablecoin Yield Crackdown Becomes Priority for American Bankers Association

The American Bankers Association (ABA) is focusing on stablecoin yield concerns for 2026, aiming to prevent payment stablecoins from becoming deposit substitutes that could harm community bank lending. Key priorities include stablecoin oversight, combating financial fraud, and opposing arbitrary interest rate caps. ABA CEO Rob Nichols highlighted feedback from various banks in shaping these priorities. The ABA's concerns stem from potential shifts of up to $6 trillion from banks to interest-paying stablecoins, with calls for tighter regulations. Meanwhile, crypto executives argue that stablecoin yields can enhance customer engagement and retention.

US bank lobby sets stopping stablecoin yields as top 2026 priority

The American Bankers Association (ABA) has prioritized stopping stablecoin yields for 2026, arguing that they threaten the competitiveness of traditional banks. The ABA believes yield-bearing stablecoins could divert deposits from community banks, impacting lending. Despite the GENIUS Act prohibiting interest on stablecoins, the ABA warns of loopholes that could undermine banks. Crypto executives, including Circle's CEO, argue that stablecoin yields enhance customer engagement and competition, while others, like Anthony Scaramucci, suggest that banning them could disadvantage the US dollar against China's digital yuan.

"Hong Kong Stocks" The Hang Seng Index rose 88 points in the half-day, with Alibaba and Xiaomi gaining, and POP MART rising over 6%

The Hong Kong stock market rose in the morning session, with the Hang Seng Index up 88 points, reporting at 26,718 points. Alibaba supports its subsidiary chip company to go public, with its stock price rising by 2.6%. POP MART's stock price surged over 6% due to the release of Valentine's Day limited edition products. Xiaomi announced a share repurchase plan of 2.5 billion yuan, with its stock price rising by 2.5%. The total trading volume of the market for the half-day reached 127.938 billion yuan

Turkey - Factors to Watch on Jan 23

Turkey's financial markets may be influenced by several factors on January 23. The lira was trading at 43.3150-43.3770 against the U.S. dollar, up from 43.2850 the previous day. The BIST 100 index rose 0.97% to 12,851.49. The central bank reduced its key interest rate by 100 basis points to 37%, amid inflation concerns. President Erdogan expressed opposition to foreign interventions in Iran during a call with his Iranian counterpart. Trade Minister Omer Bolat will attend an Eximbank meeting at 0700 GMT.

Midland States Bancorp Pref Share MSBIP 7.75 Perp 09/30/27 | 8-K: FY2025 Q4 Revenue: USD 85.57 M