Asia-Pacific Leads Global Stablecoin Growth
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Circle reports $2.4 trillion in on-chain stablecoin activity across Asia-Pacific between June 2024 and June 2025, highlighting the region as the fastest-growing stablecoin market. Singapore and Hong Kong now rank as the second and third-largest hubs globally, after the US, with the Singapore-China corridor emerging as the most active route for cross-border transactions. -
Circle recorded $2.4T in on-chain stablecoin activity across Asia-Pacific from June 2024–June 2025 — making it the world’s fastest-growing stablecoin market.
Singapore and Hong Kong now trail only the US as leading hubs, with the Singapore–China corridor driving most cross-border transaction volume. -
Asia-Pacific has become the global growth engine for stablecoins, with $2.4T in on-chain activity reported by Circle over the past year.
Singapore and Hong Kong rank just behind the US in volume, while the Singapore–China corridor leads all regions for real-time cross-border settlements.