PwC Report Highlights Irreversible Adoption of Crypto Assets by Institutions

A recent report by PwC emphasizes that institutional adoption of crypto assets has reached an irreversible point. According to Odaily, the focus has shifted from whether institutions should use crypto assets to how they can be integrated into the existing financial system. Crypto assets are increasingly embedded in core financial scenarios such as payments, settlements, fund management, and balance sheet management, with stablecoins playing a crucial role in production-level applications. PwC notes that stablecoins and tokenized cash are widely used by banks, asset management firms, and payment companies for internal transfers, cross-border payments, and corporate fund operations. Crypto technology is becoming the underlying financial infrastructure, often unnoticed by end users. The report suggests that once crypto systems are integrated into the core business processes of institutions, the adoption path becomes difficult to reverse. This perspective is echoed by several market participants, including Circle, the issuer of USDC.