Singapore ranks first globally in crypto adoption, report finds

Singapore has emerged as the global leader in cryptocurrency adoption, according to a new report by Bybit and DL Research. The 2025 Global Crypto Ranking Report ranked Singapore first among 79 countries, followed by the United States, Lithuania, Switzerland, and the United Arab Emirates. The report also highlighted that the market value for real-world asset (RWA) tokenization has grown by 63% to reach $2.57 billion. It noted that projects issuing stablecoins backed by national fiat currencies are experiencing rapid growth. Additionally, on-chain salary payments have expanded to account for 9.6% of all payroll, with over 90% of these transactions settled using stablecoins.