According to the 2025 Crypto Adoption and Stablecoin Usage Report released Tuesday by TRM Labs, the adoption of cryptocurrencies increased globally in 2025, with South Asia emerging as the fastest-growing area and the United States continuing to dominate the total amount of transactions.
South Asia on the rise
According to the research, between January and July 2025, the use of cryptocurrencies in countries like India and Pakistan increased by 80% as compared to the same time the previous year. The total amount of transactions reached over $300 billion.
For the third year in a row, India held the top rank, followed by the United States, Pakistan, the Philippines, and Brazil.
However, when it comes to India, the situation is quite ironic. The country still does not have clear regulations on cryptocurrency and blockchain.
The finance minister clearly stated that they are not going to go full-fledged with cryptocurrency rules, as so much importance and exposure to cryptocurrencies might hamper the UPI system of the country.
Pakistan’s Virtual Assets Regulatory Authority (PVARA), on the other hand, the country’s new cryptocurrency regulator, has requested that regulated international cryptocurrency companies seek local licenses in order to service the 40 million cryptocurrency users in the nation.
USA on the lead
In the meantime, trading and transaction activity in the US increased significantly, with total volume increasing by 50% to surpass $1 trillion in the first seven months of 2025.
TRM credited this momentum to positive regulatory actions that have helped provide institutional participants more certainty, such as the GENIUS Act and the White House’s 180-Day Digital Assets Report.
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According to the research, stablecoins’ explosive growth, which currently makes up over 30% of all cryptocurrency transactions, was a key factor in acceptance.
Stablecoin transaction volumes reached a record $4 trillion by August 2025, an 83% increase from the previous year. Tether (USDT) and Circle (USDC), which accounted for over 93% of the entire stablecoin capitalisation, dominated the market, according to TRM.
The United States has seen some exponential growth in the cryptocurrency market this year because the country has favoured some pro-crypto regulations. And ever since Donald Trump to office, cryptocurrency businesses have been flourishing in the country with companies coming up with treasuries for digital assets like Bitcoin, Ethereum, Solana, TRON, etc.
Asian people and crypto
According to reports, excellent market returns, kind regulations, and the belief that digital assets are now an essential component of diverse portfolios are all driving affluent Asian families and their investment arms to quickly increase their exposure to cryptocurrency.
The NextGen Fund II, a new long-short crypto equity vehicle, garnered over $100 million in a matter of months, according to Jason Huang, founder of Singapore-based NextGen Digital Venture.
According to TRM Labs, usage is increasing in some areas due to more transparent laws and simpler access for institutions, while it persists in other areas despite severe limitations or prohibitions. This combination of factors highlights how cryptocurrency is gradually becoming a part of traditional finance.