India leads global crypto adoption for third straight year as US market tops $1 trillion in 2025
TRM Labs’ latest report shows global crypto adoption inflow accelerating in 2025 led by South Asia’s rapid uptake and the U.S. surpassing $1 trillion in trading volume amid growing regulatory clarity.
Cryptocurrency adoption surged 80% across South Asia in the first seven months of 2025, with India and Pakistan processing nearly $300 billion in transactions as stablecoins reached a record $4 trillion globally, according to a report published Tuesday by blockchain intelligence firm TRM Labs.
The 2025 Crypto Adoption and Stablecoin Usage Report found that stablecoins now account for 30% of all crypto transactions, an 83% year-over-year increase, while the United States maintained dominance in overall volume with its market exceeding $1 trillion for the first time.
US Crypto Market Tops $1 Trillion as Regulations Boost Institutional Confidence
Meanwhile, the U.S. recorded strong growth in trading and transaction activity with total volume rising 50% in the first seven months of 2025 to exceed $1 trillion. TRM Labs attributed this surge in global crypto adoption inflow to favorable regulatory moves including the GENIUS Act and the White House’s 180-Day Digital Assets Report which have helped provide greater clarity for institutional players.
A major driver of this global crypto adoption inflow was the rise of stablecoins which now account for about 30% of all crypto transactions. By August 2025, stablecoin transaction volumes hit a record $4 trillion an 83% year over year increase.
According to TRM Labs, Tether (USDT) and Circle (USDC) dominate the stablecoin market representing roughly 93% of total stablecoin capitalization. Retail participation has also jumped significantly with smaller individual transactions climbing 125% between January and September 2025 compared to the same period in 2024 underscoring the expanding global crypto adoption inflow across different user segments.
TRM’s report noted that crypto adoption has accelerated in countries with regulatory clarity and institutional access while also expanding in regions with restrictions or bans.
“These contrasting dynamics highlight a clear trend: crypto continues to advance into the financial mainstream. This shift is being driven by the rise of stablecoins and the robust global crypto adoption inflow observed across markets worldwide,” the report stated.
Asian Family Offices Pour $100M Into Crypto
The momentum of global crypto adoption inflow is also reflected in rising institutional participation across Asia. Wealthy families and investment firms in the region are ramping up exposure to digital assets, attracted by strong market returns and favorable regulation.
Jason Huang, founder of Singapore based NextGen Digital Venture said his firm raised more than $100 million in just a few months for its new long short crypto equity fund, the Next Generation Fund II.
“Our investors primarily family offices and fintech entrepreneurs recognize the increasing importance of digital assets as a key component of diversified portfolios.” Huang said.
His first fund wound down last year returned 375% in under two years.
Major banks are also taking note of the expanding crypto adoption inflow with UBS reporting that several overseas Chinese family offices plan to increase crypto exposure to around 5% of their holdings.
As global crypto adoption inflow continues to accelerate, both institutional and retail investors are shaping the next phase of digital finance one defined by transparency, regulatory progress and increasing integration into mainstream markets.
Victor Prince Johnson a tech writer and crypto blogger with a passion for breaking down complex topics into clear, engaging and accessible content.
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