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- APAC leads global crypto growth, while Eastern Europe shows high population-adjusted adoption.
- Stablecoins expand rapidly, with EURC and PYUSD seeing strong gains alongside USDT and USDC.
- Bitcoin remains the main gateway for fiat on-ramps, supported by institutional and retail participation.
According to the report, the 2025 Global Crypto Adoption Index highlights a shift in global crypto activity. APAC leads with the fastest growth, up 69% year-over-year. India, Pakistan, and Vietnam drive adoption across both centralized and decentralized services. Total crypto transaction volume in APAC grew from $1.4 trillion to $2.36 trillion.
Next comes Latin America with a growth rate of 63%, representing both retail and institutional growth. Sub-Saharan Africa experienced a growth of 52%. The situations in both North America and Europe remain unchanged.
North America saw over $2.2 trillion, up 49% from last year, thanks to spot Bitcoin ETFs and cleaner regulatory environments. Europe saw a 42% growth rate but held a high base from institutional trading. The MENA region saw a growth rate of 33%, which is slower than emerging markets but over half a trillion dollars in volume.
Eastern Europe Gains with Population-Adjusted Metrics
Per-capita analysis reveals another scenario. The top perpetrators of this crime in Ukraine, Moldova, and Georgia. The main reason for this you ask? Economic conditions, lack of trust in banks, and good IT literacy.
People utilize cryptocurrencies for wealth preservation purposes as well as cross-border transactions. It also reflects adoption by people in all income classes. High-income countries, upper-middle-income countries, as well as lower-middle-income countries are now using cryptocurrencies.
In poorer countries, adoption is more cyclic because of policy shock effects and infrastructure and conflict-related disturbances. Sustainable growth requires improved on-ramps and more defined policies.
Stablecoins and Bitcoin Drive Global Crypto Growth
Stablecoins are still rising globally. USDT and USDC lead the number of transactions. Smaller ones include EURC and PYUSD, which are rising fast. EURC started with a monthly transaction of $42.5 million in 2024 to $9.2 billion by July 2025. PYUSD rose from $785 million to $4.8 billion.
The “Growth” phase aligns with the adoption and collaboration that enables use by the merchant and retail communities. The entry point for fiat remains Bitcoin. The amount of purchases in one year for bitcoin alone through centralized exchanges exceeds $1.2 trillion, which surpasses ETH and other cryptocurrencies combined.
The U.S. is the leading Fiat Volume contributor, followed by South Korea and then the European Union. BTC dominance is most prevalent in the U.S., U.K., and EU. In South Korea, adoption is more diversified, and so is it in Türkiye. The new index includes institutional activity, which removes the retail DeFi sub-index.
This is a more realistic figure in terms of overall adoption levels. In any case, the overall point confirmed here is that cryptocurrencies are going mainstream and are integrating retail consumers with institutional participants.
Related Reading: Hyperscale Data Nears Full Bitcoin Treasury Coverage With $75.5M Holdings
