STABLECOINS

 

Your treasury doesn’t have a liquidity problem. It has an infrastructure problem.

Discover where trapped cash, settlement delays and manual reconciliation create hidden costs and how leading companies are eliminating them.

45+ companies. 20+ expert interviews. 5 concrete use cases.

 

 

The Legacy Tax

  • Trapped Liquidity

    Cash is not there where it is needed.

    Liquidity remains tied up in subsidiaries, local accounts, and fragmented banking structures, forcing international companies to maintain excess working capital and limiting capital efficiency.

  • Manual Reconciliation

    Finance teams spend time fixing infrastructure gaps.

    Disconnected payment and reporting systems create operational overhead, delayed visibility, and resource-intensive reconciliation processes that scale poorly with growth.

  • Settlement Delays

    Your business moves faster than your money.

    While information travels instantly, capital is still constrained by banking hours, cut-off times, and multi-day settlement cycles, creating unnecessary friction in treasury operations.

  • The Cost of Waiting

    Doing nothing is not a neutral decision.

    Companies that continue to rely exclusively on legacy financial rails absorb opportunity costs through trapped capital, slower liquidity cycles, and reduced financial flexibility while competitors move faster.

What’s Inside

 

Part I: Adoption Enablers

What is driving stablecoin momentum? Why do stablecoins benefit the corporate adoption today?

Part II: Operational Impact

What do stablecoins change in the daily operations of corporate finance? Which use cases should be prioritized?

Part III: Taking Action

Does my organization stand to benefit from stablecoin adoption? What are the low-hanging fruits and next steps?

What once took days of cross-border limbo can now happen instantly. Thanks to stablecoins, liquidity moves like a text message: across borders, in seconds, for pennies, anytime.
ALEXANDER BECHTEL Global Head of Digital Products (DWS)
Before stablecoins, treasury was defined by fragmented liquidity and multi-day settlement delays; after adoption, it moves toward unified, real-time global liquidity management, offering the additional advantage of integrating smart controls directly into the payment flow.
DR. CAROLA RATHKE Managing Partner (YPOG)
After stablecoin adoption, liquidity moves as programmable instructions with atomic settlement, hence fundamentally shifting treasury from managing payment rails to orchestrating capital efficiency.
DR. CHRISTIAN WOLF Head of Strategic Partnerships & Ecosystems (Raiffeisen Bank)
While every institution needs a clear stablecoin strategy, most do not need to issue their own. The greater opportunity lies in integrating trusted, established stablecoins into core treasury systems and workflows.
JOHN HALLAHAN Head of Business Solutions, EMEA (Fireblocks)
Learn how CFOs are rethinking liquidity





    The Authors

    Sebastian Herzog

    Sebastian Herzog

    Co-CEO/Partner

    Henning Daut

    Henning Daut

    Senior Vice President

    Maximilian Farhadi

    Maximilian Farhadi

    Senior Consultant

    Angelina Berger

    Angelina Berger

    Consultant