Bybit’s World Crypto Rankings 2025: Singapore Leads as Stablecoins, Tokenization and On‑chain Payrolls Surge
Bybit and DL Research published the World Crypto Rankings (WCR) 2025, a multidimensional analysis of crypto adoption across 79 countries using 28 metrics and 92 data points. Key findings: Singapore ranks #1 for crypto adoption (over 11% user penetration) due to regulatory clarity and institutional maturity; the United States is #2, buoyed by ETF approvals and institutional inflows; Lithuania (#3), Switzerland (#4) and the UAE (#5) rank highly as regulatory, custody and regional hubs. Stablecoins emerge as the primary global use case—widely adopted for remittances, payrolls and as safe-haven assets—with local currency stablecoins gaining traction alongside USD-pegged tokens. Real‑World Asset (RWA) tokenization has grown materially: on‑chain RWA value (ex-stablecoins) rose ~63% in 2025, from ~$15.8B to ~$25.7B, driven by pilots moving toward regulated markets in APAC and institutional readiness in jurisdictions like the US, Canada and Lithuania. On‑chain payroll adoption climbed from 3% to 9.6% year‑over‑year, with stablecoins accounting for over 90% of crypto salaries—especially notable in the UAE, Philippines and other remittance corridors. The report frames these trends as interconnected drivers that could shift capital, talent and policy toward crypto‑friendly jurisdictions by 2026. The WCR is positioned as a research tool for traders, policymakers and firms; it is not investment advice.
Neutral
The WCR 2025 report is informational and highlights structural trends—stablecoin adoption, RWA tokenization and payrolls—that support long‑term growth and institutionalization of crypto. For traders, these findings are broadly supportive of market maturation rather than immediate price drivers. Positive signals: rising institutional readiness, increasing on‑chain RWA value (+63%) and higher payroll/stablecoin use suggest expanding demand and liquidity over time, which is bullish for crypto infrastructure and stablecoin-linked instruments. Neutral/limiting factors: the report itself is descriptive (not a market-moving regulatory action or large capital deployment) and does not announce new products or liquidity events that would directly move prices. Short term: minimal direct price impact—traders may see sector rotation into stablecoin, custody, and tokenization plays rather than broad market rallies. Long term: regulatory clarity and infrastructure improvements in top-ranked jurisdictions could attract sustained capital, increase on‑chain activity, and gradually lift valuations for related tokens and service providers. Similar past reports (e.g., regulatory approvals and institutional ETF rollouts) tended to produce medium-term bullish sentiment once followed by concrete product launches or capital flows. Traders should monitor follow-on developments: local stablecoin issuances, tokenized asset listings, custody partnerships, and regulatory actions in leading jurisdictions for tradable catalysts.