India and the United States have led the world to the cryptocurrency adoption this year, According to Chainalysis’ 2025 Geography of Cryptocurrency Reportemphasizing how both indigenous peoples and institutional forces are shaping the market of the market.
The sixth edition of the annual Global Crypto Adoption Index ranks in India first with each sub-category measured, from retail to institutional flows. The US climbed the second overall, reinforced by the invasion of the institution’s participation following the approval of funds exchanged by the Bitcoin exchange (ETFS). Pakistan, Vietnam and Brazil are spinning the top five.
Asia-Pacific emerged as the fastest growing region, with a volume of on-chain transaction reaching 69% year-to-year to $ 2.36 trillion, driven by widespread activity in India, Pakistan and Vietnam.
Latin America followed 63% growth, while sub-Saharan Africa expanded 52% behind remittances and daily payments. North America and Europe continue to dominate in full terms, with $ 2.2 trillion and $ 2.6 trillion received respectively last year.
Stablecoins remain a pillar of global adoption with USDT) and USDC accounting for trillion in monthly flow.
The Circle’s Euro-Back EURC. PIUSD Also accelerated, rising from $ 783 million to $ 3.95 billion.
Payment giants including Visa and MasterCard will also roll into stablecoin-linked products.
Bitcoin remains the main point of entry for Fiat on-Ramp, which attracts $ 4.6 trillion to flows between July 2024 and June 2025, more than double in the next category, Layer 1 tokens do not include BTC and ETH. The US remains the world’s largest Fiat on-Ramp at $ 4.2 trillion, four times South Korea.
The chainalysis note that adoption is widely based on income levels, with high, middle and low-income countries rising in the tandem, even though the latter remains more vulnerable to shocks.
