---
title: "USDC Holders May Face End of 4% Earnings Amid Legislative Push"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/282175598.md"
description: "USDC holders may soon lose the opportunity to earn a 4% return as the American Bankers Association (ABA) lobbies for the 'Clarity Act.' This legislation aims to prevent returns on stablecoin holdings that rival government bonds. The banking sector fears that stablecoins offering 4% to 5% returns could affect up to $1.5 trillion in retail deposits. The ABA has invested $56.7 million in this lobbying effort."
datetime: "2026-04-09T10:20:29.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/282175598.md)
  - [en](https://longbridge.com/en/news/282175598.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/282175598.md)
---

# USDC Holders May Face End of 4% Earnings Amid Legislative Push

PANews posted on X (formerly Twitter) that the days of earning a 4% return by holding USDC might be coming to an end. The American Bankers Association (ABA) has reportedly spent $56.7 million lobbying for the passage of the 'Clarity Act.' The primary aim of this legislation is to prevent users from obtaining returns similar to government bonds through stablecoin holdings. The banking sector's main concern is that if stablecoins can offer an annualized return of 4% to 5%, it could potentially impact up to $1.5 trillion in retail deposits.

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