Stablecoin trading volume in the Asia-Pacific region has surged to $2.4 trillion over the past year, according to data from USDC issuer Circle. This growth, spanning from June 2024 to June 2025, highlights the region's emergence as a pivotal player in global stablecoin usage. Singapore and Hong Kong are at the forefront of this expansion, driven by practical applications such as cross-border remittances and supply chain finance. The report emphasizes that the rise in stablecoin use in Asia-Pacific is fueled by real-world applications rather than speculation. The region's open regulatory environment and advanced fintech infrastructure in Singapore and Hong Kong have been instrumental in facilitating this growth, supporting high-volume commercial activities that demand quick and cost-effective settlement solutions.