Velera: Credit unions can learn about digital currencies together

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Velera has brought together credit unions, technology providers and other industry participants to form the first collaborative teams to assess digital asset technologies, use cases, potential partners and the infrastructure required. The teams have not found strong use cases for stablecoins in peer-to-peer or point-of-sale payments, while concerns about significant deposit outflows and the erosion of card interchange fees have not been substantiated. Industry attention is shifting toward B2B and cross-border payments, as well as shared infrastructure that connects institutions and supports the circulation of tokenized funds.