Commenting on the revival of cryptocurrency, SMU Associate Professor of Finance Emiliano Pagnotta noted how stablecoins have emerged as the dominant use of crypto and how the recent passage of the Genius Act in the US helped with its broader adoption. Assoc Prof Pagnotta added that since the launch of US spot Bitcoin exchange-traded products in 2024, integration with traditional finance has accelerated, drawing over US$54 billion in inflows. He also pointed out how corporations acquire Bitcoin as a treasury reserve asset, highlighting that “this momentum is unlikely to fade, given persistent global concerns over fiat debasement, geopolitical instability and property rights erosion”.
