Japan's cryptocurrency adoption has surged by 120% year-on-year, driven by significant regulatory reforms and the approval of a yen-pegged stablecoin. This growth, reported by Coinotag, highlights the impact of policy changes and tax adjustments on the country's onchain value received during 2024–25. Chainalysis notes that stablecoins have also boosted liquidity in other APAC markets, including South Korea and Australia. Indonesia, South Korea, and India have seen their onchain activity double, contributing to the region's status as the fastest-growing globally in crypto adoption. The increased use of cryptocurrencies spans various applications, from remittances to trading and payments.