According to the latest data released by USDC issuer Circle, stablecoin trading volume in the Asia-Pacific region has reached $2.40 trillion in the past year, indicating that the region is rapidly becoming the core engine of global stablecoin usage. Singapore and Hong Kong are the main hubs driving this growth.
The report points out that the growth of stablecoins in the Asia-Pacific region is driven more by practical applications than speculation, including cross-border remittances, tokenized trade, supply chain finance, and high-volume commercial activities that require fast, low-cost settlements. In addition, open regulatory policies and mature fintech infrastructure in Singapore and Hong Kong have also created favorable conditions for the rapid expansion of stablecoins.
Circle: Asia Pacific stablecoin trading volume reached $2.40 trillion in the past year, with Singapore and Hong Kong leading the growth
2025-10-03 16:24:01
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