India and the USA high the world in cryptocurrency adoption this yr, in response to Chainalysis’ 2025 Geography of Cryptocurrency Report, underscoring how each grassroots and institutional forces are shaping the market’s trajectory.
The sixth version of the annual World Crypto Adoption Index ranks India first throughout each sub-category measured, from retail to institutional flows. The U.S. climbed to second general, boosted by surging institutional participation following the approval of spot bitcoin exchange-traded funds (ETFs). Pakistan, Vietnam and Brazil spherical out the highest 5.
Asia-Pacific emerged because the fastest-growing area, with on-chain transaction quantity hovering 69% year-over-year to $2.36 trillion, pushed by widespread exercise in India, Pakistan and Vietnam.
Latin America adopted with 63% development, whereas Sub-Saharan Africa expanded 52% on the again of remittances and day by day funds. North America and Europe continued to dominate in absolute phrases, with $2.2 trillion and $2.6 trillion obtained respectively over the previous yr.
Stablecoins stay a pillar of worldwide adoption with USDT) and USDC accounting for trillions in month-to-month flows.
Circle’s euro-backed EURC, launched underneath Europe’s MiCA regime, grew almost 90% month-over-month, reaching $7.5 billion by June 2025. PayPal’s PYUSD additionally accelerated, rising from $783 million to $3.95 billion.
Fee giants together with Visa and Mastercard have additionally rolled out stablecoin-linked merchandise.
Bitcoin stays the first entry level for fiat on-ramps, attracting $4.6 trillion in inflows between July 2024 and June 2025, greater than double the subsequent class, Layer 1 tokens excluding BTC and ETH. The U.S. stays the world’s largest fiat on-ramp at $4.2 trillion, 4 instances South Korea.
Chainalysis notes that adoption is broad-based throughout earnings ranges, with high-, middle- and low-income nations rising in tandem, although the latter stay extra susceptible to shocks.