Credit unions have an unusual digital asset dilemma. Most members are not asking them to become cryptocurrency exchanges, yet a sizable share of young members expect their financial institutions to provide some route into a financial system that includes crypto, stablecoins and digital wallets.
The PYMNTS Intelligence report “The Wallet Effect: How Credit Unions Can Close the Digital Currency Access Gap,” produced in collaboration with Velera, found that only 7% of credit union members said their institutions support cryptocurrency transactions, while 67% did not know whether that capability existed. Uncertainty was even greater around stablecoins, with 70% of members unsure whether their credit unions supported them.
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