India and U.S. Lead Global Cryptocurrency Adoption in 2025
India and the United States lead global cryptocurrency adoption in 2025, as per Chainalysis' report. Key points include:
- India ranked first across all categories, while the U.S. rose to second, benefiting from increased institutional interest following spot bitcoin ETF approvals.
- Pakistan, Vietnam, and Brazil complete the top five countries for adoption.
- Asia-Pacific saw a 69% year-over-year increase in on-chain transaction volume, reaching $2.36 trillion.
- Latin America experienced 63% growth, with Sub-Saharan Africa growing by 52% due to remittances and daily payments.
- North America and Europe led in absolute terms, receiving $2.2 trillion and $2.6 trillion respectively over the past year.
- Stablecoins like USDT and USDC continue to drive significant monthly flows.
- Circle's euro-backed EURC grew nearly 90% month-over-month, hitting $7.5 billion by June 2025, while PayPal’s PYUSD rose from $783 million to $3.95 billion.
- Visa and Mastercard launched stablecoin-linked products to enhance accessibility.
- Bitcoin attracted $4.6 trillion in inflows, making it the primary entry point for fiat, with the U.S. as the largest fiat on-ramp at $4.2 trillion.
- Adoption spans various income levels, with all rising together, although low-income countries face higher vulnerabilities.