Middle-Market CFOs Prefer Using Stablecoins Through Banks Over Crypto Wallets

PYMNTS Intelligence focused its middle-market study on U.S. companies with annual revenue of $100 million to $1 billion. Stablecoins are pegged to assets such as the U.S. dollar, and CFOs value their efficiency for cross-border payments and instant settlement. However, they are unwilling to assume the risks associated with wallet private keys, custody, audits and regulation, making bank-native solutions a better fit for existing treasury management processes.

PYMNTS Intelligence surveyed 60 CFOs from Jan. 13 to Jan. 21, 2026, released its report in March and updated its analysis on April 6. It found that 42% of companies had discussed, tested or used stablecoins, but only 13% were actively using them. Some 12% used bank-integrated channels, while 5% used self-custody wallets. Compliance uncertainty was viewed as a barrier by 67%, and 88% immediately converted stablecoins back into U.S. dollars after receiving them.