Circle: In the past year, the stablecoin volume in the Asia-Pacific region reached $2.4 trillion, with Singapore and Hong Kong leading the rise.

PANews, October 3rd news, according to the latest data released by USDC issuer Circle, the stablecoin volume in the Asia-Pacific region has reached $2.4 trillion in the past year (from June 2024 to June 2025), indicating that the region is rapidly becoming the core engine of global stablecoin usage. Among them, Singapore and Hong Kong are the main hubs driving this rise. The report points out that, compared to speculative behavior, the rise of stablecoins in the Asia-Pacific region is more driven by actual applications, including cross-border remittances, tokenized trade, supply chain finance, and large-scale commercial activities that require fast and low-cost settlements. In addition, the open regulatory policies and mature fintech infrastructure in Singapore and Hong Kong have also created favorable conditions for the rapid expansion of stablecoins.