Asia-Pacific (APAC) is the fastest-growing area for cryptocurrency exercise, pushed by sturdy engagement throughout South Asia, and Southeast Asia.

Previously 12 months ending June 2025, the area recorded the very best international progress fee, with the worth obtained rising 69% from US$1.4 trillion to US$2.3 trillion, in accordance to knowledge from Chainalysis, a US-based blockchain analytics agency.

India, Pakistan, Vietnam drives crypto adoption in APAC

APAC can also be dominating the World Crypto Adoption Index in 2025, with 9 of the highest 20 entries. India, Vietnam, and Pakistan are the primary engines of progress, rating first, third, and fourth globally for crypto adoption prior to now 12 months.

India stays the world chief for the third consecutive 12 months, boasting an possession fee of 8.3% in 2024, based on analysis from Triple-A, a Singapore-based crypto funds supplier. This suggests that greater than 100 million folks within the nation owned cryptocurrencies final 12 months.

Vietnam has additionally persistently ranked among the many world’s high adopters. At present, an estimated 17 million folks in Vietnam personal digital belongings, with annual crypto transactions valued at round US$105 billion, in accordance to the Vietnam Information Company.

Vietnam’s adoption of cryptocurrencies is anticipated to develop following new authorities initiatives. Earlier this month, authorities accredited a five-year pilot for crypto asset buying and selling. Underneath this system, solely Vietnamese corporations will likely be permitted to supply crypto platforms, and all issuances, buying and selling and fee of crypto belongings will likely be required to be made in Vietnamese dong, based on a press release on the federal government web site. Issuances are restricted to home companies and provided solely to overseas buyers.

In June, Vietnam’s parliament accredited a regulation, efficient January 2026, to speed up the nation’s digital transformation, strengthen native tech corporations, and combine them extra deeply into international markets, in accordance to native media. Particularly, the regulation defines and establishes a authorized framework for digital belongings, together with each tokenized and digital belongings.

Pakistan has additionally witnessed speedy adoption of cryptocurrencies, transferring from tenth place in 2024 to fourth globally.

This comes as the federal government is reportedly planning to fast-track the adoption of cryptocurrencies for banks, overseas trade (FX) corporations, and gold buying and selling, sources advised Daybreak in July. The central financial institution is claimed to be getting ready to license crypto-trading banks and different monetary establishments, whereas the federal government is finalizing laws to control digital belongings, and getting ready to launch a pilot for a digital forex.

Latin America follows, main in stablecoin adoption

After APAC, Latin America (LatAm) follows intently, recording a 63% year-over-year (YoY) improve in crypto adoption, based on Chainalysis. Like for APAC, crypto adoption accelerated between 2024 and 2025, reflecting rising adoption throughout each retail and institutional segments.

Throughout the retail phase, adoption is especially robust in high-inflation economies resembling Argentina and Venezuela, the place inflation reached 117.8% and 48% in 2024, respectively. In these markets, cryptocurrencies, particularly US-backed stablecoins, are getting used to protect financial savings, facilitate cross-border funds, and keep away from authorities restrictions on shopping for US {dollars}.

This development is mirrored in a 2025 survey by Fireblocks, a digital asset infrastructure supplier. The corporate, which polled high executives from the monetary companies business, discovered that every one respondents in LatAm stated they’re both dwell, piloting, or planning stablecoin fee methods, whereas 92% reported their pockets and API programs being prepared.

Findings from the examine reveal that cross-border funds are the area’s dominant use case for stablecoins, cited by 71% as their main software, considerably forward of the 49% international common.

LatAm establishments additionally view stablecoins as instruments to fight persistent fraud and improve safety. Half of respondents cited safety as a key enabler of adoption, the very best globally. One other 36% stated higher safety would unlock much more adoption.

Stablecoins surge globally

The stablecoin panorama continues to develop this 12 months, supported by favorable rules such because the Guiding and Establishing Nationwide Innovation for US Stablecoins Act (GENIUS Act) and surging transaction volumes.

In July 2025, complete stablecoin transaction quantity hit practically US$3 trillion, nearly triple the US$1 trillion recorded a 12 months earlier.

Tether (USDT) and USDC stay dominant, which persistently dwarf different stablecoins in scale. Between June 2024 and June 2025, USDT processed over US$1 trillion monthly, based on Chainalysis. USDC, in the meantime, ranged from US$1.24 trillion to US$3.29 trillion month-to-month.

However smaller stablecoins like EURC, PYUSD, and DAI, are additionally increasing quickly. For instance, EURC grew practically 89% month-over-month on common, with month-to-month quantity rising from roughly US$47 million in June 2024 to over US$7.5 billion by June 2025. PYUSD, in the meantime, rose from round US$783 million to US$3.95 billion in the identical interval.

Between July 2024 and June 2025, stablecoins have been the third most bought asset with fiat forex, drawing over US$1.3 trillion in fiat inflows through the interval. Bitcoin retained the lead, accounting for over $4.6 trillion in fiat inflows over the identical interval.

Featured picture: Edited by Fintech Information Singapore, based mostly on picture by thanyakij-12 by way of Freepik