The United States went from fourth to second place for crypto adoption in Chainalysis’ 2025 Global Adoption Index, a shift that was driven by regulatory changes and large inflows into spot Bitcoin and Ether ETFs.
But India kept its lead for the third year in a row, ranking first across all four subindexes covering centralised retail, institutional activity, DeFi, and decentralised services.
The report detailed that, in June 2025, APAC emerged as the fastest-growing region for crypto-related transactions:
In the 12 months ending June 2025, APAC emerged as the fastest-growing region for on-chain crypto activity, with a 69% year-over-year increase in value received. Total crypto transaction volume in APAC grew from $1.4 trillion to $2.36 trillion, driven by robust engagement across major markets like India, Vietnam, and Pakistan.
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Likewise, North America processed US$2.2T (AU$3.40T), up 49%, while Europe reached US$2.6T (AU$4.02T), up 42%. Latin America also grew 10%, with Brazil, Argentina, and Venezuela in the top twenty.
Chainalysis said the rankings highlight how crypto adoption now diverges between institutional-heavy developed markets and grassroots-driven emerging ones, where stablecoins remain vital for remittances and savings.
Naturally, USDT and USDC dominate remittances, pretty much outranking every other stablecoin when looking at the scale; from June 2024 to June 2025, USDT processed more than US$1 trillion (AU$1.55 trillion) in transactions each month, peaking at US$1.14 trillion (AU$1.76 trillion) in January 2025.
USDC ranged from US$1.24 trillion (AU$1.92 trillion) to US$3.29 trillion (AU$5.09 trillion) monthly, with the highest activity in October 2024.
That doesn’t mean other important stablecoin stood behind, as the report reads:
Smaller stablecoins like EURC, PYUSD, and DAI experienced rapid growth. EURC grew nearly 89% month-over-month on average, with monthly volume rising from approximately $47 million in June 2024 to over $7.5 billion by June 2025. PYUSD also showed sustained acceleration, rising from around $783 million to $3.95 billion in the same period.
Chainalysis On that note, the stablecoin market recently hit a record US$280B (AU$426B) in market capitalisation, as Crypto News Australia reported, and it’s expected to surpass US$400B (AU$609B) by the end of this year.
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The post U.S., India Lead Global Crypto Adoption as APAC Transaction Volume Soars 69% appeared first on Crypto News Australia.
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