Stablecoins are rapidly becoming integral to Asia's financial infrastructure, offering a low-cost, efficient alternative to traditional banking systems. In countries like India, where cryptocurrency regulations are stringent, stablecoins facilitate cross-border remittances and business transactions, bypassing high fees and delays associated with conventional banking. Data from Chainalysis shows India leading global crypto adoption, with $338 billion in inflows between mid-2024 and 2025.
The use of stablecoins is particularly beneficial for Asia's large freelance and overseas worker populations. With over 24 million overseas workers in Southeast Asia, stablecoins provide a cost-effective solution for remittances, which traditionally incur high fees. Business-to-business stablecoin transactions have also surged, reaching over $6 billion by mid-2025, as companies seek faster, cheaper cross-border payments. However, the potential for misuse remains a concern, highlighting the need for robust regulatory frameworks.
Stablecoins Emerge as Key Financial Infrastructure in Asia
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