Overview
- Chainalysis’ 2025 Global Adoption Index shows Asia-Pacific up 69% year over year to $2.36 trillion in value received for the 12 months to June 2025.
- Monthly on-chain flows in the region climbed from roughly $81 billion in July 2022 to a $244 billion peak in December 2024 and stayed above $185 billion through mid‑2025.
- Japan recorded the fastest national growth in APAC at about 120% following tax changes, looser stablecoin listing rules, and approval of a yen‑backed token, with XRP leading local trading at $21.7 billion in JPY pairs.
- Stablecoins underpin activity across key markets, with KRW purchases reaching $59 billion in South Korea and USDC prominent in regional trading, as banks and regulators prepare new rules.
- APAC expansion is driven by diverse, often retail-first use cases across India, Vietnam, Pakistan, and others, while global context shows Latin America up ~63% and North American growth tied to regulatory clarity and institutional adoption.