According to PANews, recent data from USDC issuer Circle reveals that stablecoin transactions in the Asia-Pacific region have reached $2.4 trillion over the past year, from June 2024 to June 2025. This surge highlights the region's growing role as a central hub for stablecoin usage globally, with Singapore and Hong Kong leading this expansion.
The report indicates that the growth in stablecoin usage in the Asia-Pacific is primarily driven by practical applications rather than speculative activities. These applications include cross-border remittances, tokenized trade, supply chain finance, and high-volume commercial activities requiring fast and low-cost settlements. Furthermore, the open regulatory policies and advanced fintech infrastructure in Singapore and Hong Kong have created favorable conditions for the rapid expansion of stablecoins.
