Asia is turning stablecoins into banking infrastructure

CoinNetwork · 2026-03-04T09:29:09+00:00

Stablecoins in Asia are becoming an important financial infrastructure, expected to attract $338 billion in crypto inflows in 2024-2025. The main drivers are remittances and corporate payments, with stablecoins offering lower-cost services, but also bringing regulatory challenges.

CoinNetwork

2026-03-04 09:29:09

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In Asia, stablecoins are gradually becoming an important financial infrastructure. Among the top 20 countries ranked by Chainalysis Global Cryptocurrency Adoption Index, nine are in Asia. Although India imposes a 30% tax on cryptocurrency gains, the region is expected to attract $338 billion in cryptocurrency inflows between mid-2024 and 2025. Key drivers include remittances and business-to-business (B2B) payments. Stablecoins offer a cheaper alternative for remittances, with traditional channels charging up to 6.5% in fees for $200 transfers. B2B transaction volume surged from less than $100 million at the beginning of 2023 to over $6 billion by mid-2025. The speed and low cost of stablecoins have also attracted Asia’s large freelance workforce, but these features pose regulatory challenges, such as illegal use.

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