India and the United States apical the satellite successful cryptocurrency adoption this year, according to Chainalysis’ 2025 Geography of Cryptocurrency Report, underscoring however some grassroots and organization forces are shaping the market’s trajectory.
The sixth variation of the yearly Global Crypto Adoption Index ranks India archetypal crossed each sub-category measured, from retail to organization flows. The U.S. climbed to 2nd overall, boosted by surging organization information pursuing the support of spot bitcoin exchange-traded funds (ETFs). Pakistan, Vietnam and Brazil circular retired the apical five.
Asia-Pacific emerged arsenic the fastest-growing region, with on-chain transaction measurement soaring 69% year-over-year to $2.36 trillion, driven by wide enactment successful India, Pakistan and Vietnam.
Latin America followed with 63% growth, portion Sub-Saharan Africa expanded 52% connected the backmost of remittances and regular payments. North America and Europe continued to predominate successful implicit terms, with $2.2 trillion and $2.6 trillion received respectively implicit the past year.
Stablecoins stay a pillar of planetary adoption with USDT) and USDC accounting for trillions successful monthly flows.
Circle’s euro-backed EURC, launched nether Europe’s MiCA regime, grew astir 90% month-over-month, reaching $7.5 cardinal by June 2025. PayPal’s PYUSD besides accelerated, rising from $783 cardinal to $3.95 billion.
Payment giants including Visa and Mastercard person besides rolled retired stablecoin-linked products.
Bitcoin remains the superior introduction constituent for fiat on-ramps, attracting $4.6 trillion successful inflows betwixt July 2024 and June 2025, much than treble the adjacent category, Layer 1 tokens excluding BTC and ETH. The U.S. remains the world’s largest fiat on-ramp astatine $4.2 trillion, 4 times South Korea.
Chainalysis notes that adoption is broad-based crossed income levels, with high-, middle- and low-income countries rising successful tandem, though the second stay much susceptible to shocks.