Middle market firms remain cautious on crypto adoption, limiting use to payments rather than treasury functions. New data shows only 13 percent of middle market companies use stablecoins and just 5 percent use cryptocurrencies, with interest softening over the past year. Among adopters, usage stays tightly bounded to specific transactions like supplier payments or cross-border transfers, not recurring workflows. CFOs cite structural misalignment as the primary barrier, not volatility alone. Digital assets fail to integrate with core treasury management priorities including liquidity planning, reconciliation, audit trails and cash visibility. The gap between awareness and operational integration reveals that despite boardroom discussions and bank testing, cryptocurrencies have not become part of the financial infrastructure that governs how firms manage cash.
