A recent study by Independent Reserve, Australia’s premier cryptocurrency exchange, highlights a notable surge in digital asset adoption across Singapore. The 2025 Crypto Index Report underscores XRP’s rising prominence, with ownership climbing from 14% to 17% among residents. This growth aligns with heightened crypto awareness, now at 94%, and a regional shift toward USD-pegged stablecoins like Ripple’s RLUSD, which boasts a $310 million market cap in the APAC region.

Key Insights from the Report:

1. Altcoin Adoption Trends

- Ethereum led gains, rising from 41% to 48% ownership.

- Solana and Dogecoin saw modest increases, while XRP emerged as a standout altcoin.

- Diversification of crypto portfolios reflects Singaporeans’ growing appetite for varied digital assets.

2. Bitcoin Dominance Persists

- Bitcoin remains the most recognized (91%) and widely held cryptocurrency, constituting 68% of total investments.

3. Investment Patterns

- Only 10% of investors allocate over $1,000 monthly to crypto.

- A cautious majority (57%) invest under $500 monthly, with 29% contributing $500–$1,000.

The findings signal Singapore’s evolving crypto landscape, marked by increased education and strategic diversification, positioning XRP and stablecoins as pivotal players in the APAC market.

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