The latest findings from PYMNTS Intelligence, as part of the Certainty Project, make clear that cryptocurrencies and stablecoins occupy an unusual position. They are visible across the financial ecosystem, discussed in boardrooms and tested by banks and payment providers, but they have not become part of the operational fabric that governs how firms move, manage and safeguard cash.

Adoption Without Integration

Among the core findings is a gap between awareness and use. Only 13% of middle market firms use…