Global cryptocurrency adoption has accelerated sharply in 2025. According to a report by TRM Labs, India remains the country where people use cryptocurrencies the most for the third year in a row. The United States continues to strengthen its position as the largest crypto market by transaction volume.

South Asia grows the fastest

TRM Labs identifies South Asia as the fastest-growing region, with India and Pakistan leading the trend. Between January and July 2025, cryptocurrency usage there increased by 80 % year-over-year, bringing the total transaction volume to roughly 300 billion USD. Behind India came the United States, Pakistan, the Philippines, and Brazil.

U.S. benefits from clearer regulation

The U.S. market has also grown strongly. In just the first seven months of 2025, the volume of crypto transactions increased by 50 % and surpassed 1 trillion USD for the first time. The growth was supported by new laws and regulations, including the so-called GENIUS Act and a 180-day White House report on digital assets. According to TRM Labs, these steps boosted investor and corporate confidence and brought greater market stability.

Stablecoins driving the market

Stablecoins – digital currencies pegged to assets like the U.S. dollar – play a major role in the crypto boom. They now account for about 30 % of all crypto transactions, with their total volume reaching a record 4 trillion USD in August 2025 – an 83 % increase year-over-year. The market remains dominated by Tether and Circle, which together represent roughly 93 % of the stablecoin market capitalization.

Crypto adoption among everyday users

Another notable trend is the rise in interest among ordinary users. Retail transactions – purchases and transfers by small investors – rose 125 % between January and September 2025 compared to the previous year. People are increasingly using cryptocurrencies for payments, cross-border remittances, and as a store of value in times of economic uncertainty.

“In some countries, the use of cryptocurrencies has expanded thanks to clear rules and greater institutional involvement. Elsewhere, it is growing despite bans or restrictions,” the TRM Labs report states. “In any case, it’s clear that cryptocurrencies are becoming a mainstream part of the financial system – and stablecoins play a key role in that.”

Sources:

https://www.trmlabs.com/reports-and-whitepapers/2025-crypto-adoption-and-stablecoin-usage-report

https://www.theblock.co/post/375636/trm-labs-global-crypto-adoption-india