Corporate Treasurers Boost Cash Holdings, Shun Stablecoins Amid Regulatory Uncertainty
Event summary
- Only 1% of organizations are piloting or using stablecoins, while 9% are exploring the technology.
- 46% of organizations increased U.S. cash balances as of March 2026, up from 38% the previous year.
- 75% of organizations have a written investment policy dictating their short-term investment strategy.
- 83% of short-term investment balances are held in safe and liquid investment vehicles.
- 41% of organizations expect money market funds to offer 24/7 liquidity, up from 38% in 2025.
The big picture
The 2026 AFP Liquidity Survey highlights a cautious approach to liquidity management, with corporate treasurers prioritizing safety and risk mitigation amidst shifting market dynamics. The increase in cash holdings and the normalization of written cash investment policies reflect a focus on strengthening balance sheets. Despite high awareness, stablecoins remain peripheral due to regulatory uncertainty, indicating a wait-and-see approach among treasury teams.
What we're watching
- Regulatory Clarity
- How the passage of the GENIUS Act and additional regulations will impact stablecoin adoption.
- Cash Management Trends
- Whether the shift towards safer assets and greater diversification in short-term investment portfolios will continue.
- Real-Time Liquidity
- The pace at which money market funds will offer 24/7 liquidity and its adoption by corporate treasurers.
Related topics