Outstanding in daily trading and ranked #1 globally in DePIN.
According to The World Crypto Rankings 2025 report by Bybit and DL Research , Vietnam maintains its position as one of the most dynamic crypto markets—despite lacking a formal legal framework and developing largely on a "self-sustaining" basis.
🔥 Vietnam ranks 4th globally in the use of crypto for trading.
Vietnam scored 0.81 points , ranking 4th in the world in the Transactional Use category.
Crypto in Vietnam is not just for investment but has become a tool:
Cross-border money transfer
Small payments
Flexible savings
Stablecoins like USDT and USDC are the most widely used because they are cheap, fast, and easy to use .
🌏 Two models of crypto development in Asia
Singapore and Hong Kong: pursuing clear policy directions to attract organizations.
Vietnam and the Philippines: Growth driven by basic living needs, not relying on preferential treatment.
Vietnam belongs to the second group, but its rate of technology adoption is among the fastest in the region.
💵 Stablecoins & their legal path
The VNDC stablecoin was once widely used, but it was later restricted due to laws prohibiting the use of stablecoins as a means of payment.
Simultaneously, the government is researching and developing a CBDC – a national digital currency , opening up the possibility of a more modern digital payment ecosystem in the future.
🚀 Vietnam ranks #1 in the world for DePIN
Vietnam leads the world in the level of DePIN device usage — nodes, sensors, and decentralized infrastructure devices.
This is clear evidence that:
Vietnamese people are extremely tech-savvy.
Ready to participate in complex Web3 models
The market has very strong potential for developing decentralized infrastructure.
🎯 Conclusion
Despite lacking incentives and a complete legal framework, Vietnam remains one of the most dynamic crypto markets in the world , driven by its own user community.
