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The pool of interested players in the cryptocurrency market is growing, as more banks and credit unions launch digital-asset programs for customers. However, new research from American Banker finds that few have advanced past the discussion phase.
Top questions answered in the research
- Where do banks and credit unions currently stand with stablecoins?
- What methods of custodianship are being eyed for digital-asset efforts?
- Are crypto-based transactions being offered now or in the near future?
- Which digital assets, if any, are financial institutions holding themselves?
Key takeaways
- Public cryptocurrencies were the top digital asset for customer transactions.
- Most institutions are in the discussion stages of issuing a stablecoin.
This four-part series dives into the data using interactive charts broken out into these main themes: planning for digital assets, implementation roadmaps, institutional perception of digital assets and general market perceptions of digital assets and regulations.
- Part one:
Large banks lead the cryptocurrency pack, credit unions close behind - Part two:
Five challenges banks face when they consider crypto services - Part three:
Why some banks are saying yes to stablecoins, and others are saying no - Part four:
Bank execs say stablecoins, crypto here to stay
