The banking sector's narrative around stablecoin competition doesn't quite add up when you look at the broader landscape. High-yield savings accounts are already flooding the market—Betterment, Marcus, CIT, SoFi, AmEx, Wealthfront and others consistently offer 3%+ returns. Yet the debate somehow frames stablecoin yields as uniquely disruptive to sub-0.1% deposit rates. Why aren't traditional HYSA products receiving the same scrutiny? Both channels are essentially pulling liquidity away from legacy banking deposits. The real question isn't whether stablecoins pose a threat, but whether banks are selective in which competitors they choose to criticize. This inconsistency reveals more about market positioning than genuine financial risk.