Golden Finance reported that according to the Federal Deposit Insurance Corporation (FDIC), in 2023, the use of cryptocurrencies will be most common among "underbanked" households, which use checks or non-bank loans to meet their banking needs. The Federal Deposit Insurance Corporation surveyed about 60,000 households in a report on November 12 and found that 6.2% of households with underbanked accounts used cryptocurrencies, while the proportion of households with fully unobstructed bank accounts using cryptocurrencies was only 4.8%. Underbanked people are those who have bank accounts but also use non-bank financial services such as payday loans and check cashing. Last year, about 14.2% of American households (about 19 million households) were considered underbanked.