Bitcoin News Today: India Overtakes U.S. as Crypto's New Global Leader

The recent Chainalysis Global Crypto Adoption Index for 2025 reveals a continued surge in cryptocurrency usage, particularly in the Asia-Pacific region, with implications for stablecoin activity and Bitcoin inflows. The report, released on September 2, 2025, assesses 151 countries based on a composite score derived from four key sub-indices: on-chain value received by centralized services, retail-sized on-chain value received by centralized services, on-chain value received by DeFi protocols, and institutional-sized on-chain value received by centralized services. This year’s methodology saw the removal of the retail DeFi sub-index and the inclusion of a new institutional activity lens capturing transactions over $1 million, reflecting increased professional participation post-ETF approval [1].

India leads the index for the first time, surpassing the United States to claim the top spot for grassroots crypto adoption. The country’s dominance is attributed to its strong performance across all four sub-indices. Notably, the report highlights a significant 69% year-over-year growth in on-chain value received in the Asia-Pacific region, which Chainalysis attributes to heightened adoption of both centralized and decentralized services. Latin America and Sub-Saharan Africa also showed substantial growth, at 63% and 52% respectively [1].

In absolute terms, North America and Europe remain the largest recipients of on-chain value, with North America seeing a 49% year-over-year increase and Europe a 42% increase. Despite their smaller population sizes, countries in Eastern Europe like Ukraine, Moldova, and Georgia rank highly in population-adjusted metrics. Chainalysis notes that economic uncertainty, distrust in traditional banking systems, and high technical literacy have driven crypto adoption in these regions [1].

Stablecoin usage remains a key component of global crypto commerce. USDT and USDC continue to dominate transaction volumes, with USDT processing over $1 trillion per month between June 2024 and June 2025. USDC’s volume fluctuated between $1.24 trillion and $3.29 trillion monthly during the same period. The report also highlights the rapid growth of alternative stablecoins such as EURC and PYUSD, with EURC's volume rising from $47 million to over $7.5 billion and PYUSD climbing from approximately $783 million to $3.95 billion [1].

Bitcoin remains the primary on-ramp into the crypto ecosystem, accounting for over $4.6 trillion in fiat purchase volume from July 2024 to June 2025. This is more than double the volume for other Layer-1 tokens excluding Bitcoin and Ethereum. The United States was the largest market for Bitcoin fiat inflows, with over $4.2 trillion in purchases, followed by South Korea with above $1 trillion and the European Union just under $500 billion. In the UK and EU, Bitcoin accounted for around 47% and 45% of fiat inflows respectively, underscoring its dominance in institutional and retail adoption [1].

The findings from the Chainalysis report suggest that Bitcoin's strong inflow trends may support its long-term price performance, particularly as institutional interest and regulatory frameworks continue to evolve. However, the dominance of stablecoins like USDT could face bearish retests if regulatory pressures increase or if alternative stablecoins gain further traction in key markets. The ongoing growth in Asia-Pacific and Eastern Europe indicates that the crypto landscape is diversifying, with new regions contributing to the global narrative [1].

Source: [1] Global Crypto Adoption 2025: Chainalysis Reveals Which... (https://www.mitrade.com/insights/news/live-news/article-3-1095599-20250904)