Quick Takeaways:
- Singapore ranked No.1 in the “World Crypto Ranking 2025.”
- Stablecoins lead global on-chain payroll and enterprise payments.
- Turkey shows strong retail usage but weak institutional infrastructure.
Singapore Leads the 2025 Global Crypto Index
Singapore has secured the top spot in the new World Crypto Ranking 2025 report by Bybit and DL Research. The study analyzed 79 countries and found that the city-state shows the strongest blend of regulation, institutional activity, and fintech maturity.
According to analysts, Singapore’s transparent regulations, entrepreneurial environment, and industry-supported ecosystem enabled it to outperform bigger markets.
The United States, Lithuania, Switzerland, and the UAE rounded out the leading group. The findings highlight how both financial hubs and smaller innovation-focused economies are shaping the next stage of the digital asset boom.
Stablecoins Emerge as the Central Payment Mechanism
Stablecoins are quietly reshaping global payments. The report notes that businesses are increasingly choosing them for settlements and cross-border operations.
One striking figure stands out: nearly 10% of payroll payments worldwide now occur on-chain, and more than 90% of those use stablecoins.
The trend suggests a major shift away from traditional banking rails. It also signals rising demand for low-volatility digital money in enterprise workflows, contractor payouts, and international remittances.
RWA Tokenization Gains Serious Traction
The study additionally highlights the growth of real-world asset (RWA) tokenization. The sector’s market value increased by 63% surpassing $2.5 billion.
Companies are increasingly exploring treasuries, commodities, and credit markets to improve liquidity and speed up settlement.
This momentum reflects a larger shift toward blockchain-based capital markets, where tokenized financial products can move with fewer intermediaries and clearer audit trails.
A Growing Market With Uneven Progress
Although there is worldwide momentum for crypto adoption varies greatly across the globe. Certain areas, such as Singapore, have established institutional structures that promote sustained development.
Some countries, like Turkey, demonstrate widespread grassroots uptake. Do not have the regulatory frameworks and banking systems required to expand effectively.
The contrast highlights a point of the report: the uptake of crypto currently relies as much on market structure and regulatory transparency as on consumer interest.
Singapore’s rise to the top demonstrates how policy stability and open innovation can accelerate national leadership in digital assets.