Cryptocurrency is experiencing a significant surge in mainstream acceptance, driven by institutional investment and the growing popularity of stablecoins. New analysis sheds light on the factors driving this transformation of the digital financial ecosystem. Leading financial institutions like BlackRock, Citigroup, and Morgan Stanley are actively integrating crypto into their strategies, reflecting a broader belief in digital currencies as valuable assets. Morgan Stanley’s plan to offer crypto trading through E*TRADE by 2025 is a prime example of this integration. The inclusion of Bitcoin and Ethereum ETFs with over US$175 billion in assets reflects the growing significance of these digital currencies as potential investment vehicles.