Tax and accounting barriers to using stablecoin for business payments and treasury management are a hurdle to early adoption, explains Ben Lee, partner in the crypto tax and accounting team at Andersen LLP
Stablecoins are already a core part of the global digital asset ecosystem. In crypto markets they function as the primary settlement asset, allowing traders and businesses to hold value that tracks fiat currency, typically the US dollar, while remaining within blockchain infrastructure.
Yet despite their widespread use in digital asset markets, stablecoins remain largely absent from the financial operations of most UK businesses.
That could change over the next few years. The Financial Conduct Authority (FCA) has indicated that the UK’s regulatory framework for stablecoins is expected to be finalised by the end of 2026.
For accountants and finance professionals, this raises an important question: could stablecoins become a realistic tool for business payments and treasury management by 2027?
