In the fifth year of appearing in Chainalysis' digital asset adoption report, Vietnam maintains its position as one of the top 5 countries.
Vietnam maintains its position in the top 5 countries with the highest crypto adoption rate in the world
On the evening of September 3, 2025, blockchain information aggregator Chainalysis published its annual Global Crypto Adoption Report , once again recognizing Vietnam's position on the international digital asset map.
Accordingly, the top 5 leading countries include India, the United States, Pakistan, Vietnam and Brazil.
🌏 The Chainalysis 2025 Global Cryptocurrency Adoption Index is LIVE!
— Chainalysis (@chainalysis) September 3, 2025
Here's a Snapshot of what we found:
🔹APAC is emerging as the fastest-growing region
🔹Eastern Europe countries dominate the index, when adjusted for population
🔹 Stablecoins are surging globally for a… pic.twitter.com/XGdbscCq48
This is the 5th consecutive year that Vietnam has been recorded in the top 5 countries with the highest adoption rate since it first appeared in the report in 2021. The previous rankings were 1st ( 2021 & 2022 ), 3rd ( 2023 ) and 5th ( 2024 ) respectively.
Why is this news important?
- Vietnam moves up in crypto adoption rankings: Compared to 2024, Vietnam has moved up one place to 4th place, reflecting the reality of digital asset adoption in the country as well as positive changes in policies and laws in recent times, including the recognition of digital assets in the Law on Digital Technology Industry , the National Blockchain Development Strategy , and the proposal to pilot a cryptocurrency exchange, along with blockchain events that attract a large number of users such as GM Vietnam .
- The achievement is still impressive even when taking into account the population factor: Chainalysis further noted that even when adjusting the data to calculate the level of crypto adoption per total population, Vietnam is one of two countries in the top 10 that still holds a high position, alongside Ukraine, showing that digital assets are spreading to more segments of the population than ever before.
- Affirming Vietnam as one of the countries with the highest digital asset adoption: Chainalysis' report is one of the most reputable sources in the digital asset market, recognized and cited by many other organizations. Vietnam regaining a high ranking on the rankings will further strengthen our country's position in the eyes of the international community.
- Contributing to the overall development of the Asia region: Chainalysis assesses that Asia-Pacific is the region with the fastest growth rate in digital asset adoption from June 2025 to June 2025, led by markets including India, Pakistan and Vietnam, with volume increasing from 1.4 trillion USD to 2.36 trillion USD.
Chainalysis' Crypto Adoption Evaluation Criteria
Chainalysis' report assesses each country's digital asset adoption rate based on criteria including:
- Consumer Concentration Service Usage Factors
- Availability of centralized services
- Decentralized Service Usage (DeFi)
- Availability of centralized services for organizations
India is the only country to top all of the above criteria, thus retaining its No. 1 position from 2023 and 2024, thanks to its large population and sustained growth for the digital asset market. The same is true for neighboring Pakistan , which has seen the country jump from the bottom half of the top 10 in the past two years to No. 3 in 2025.
Meanwhile, the United States increased its position from 4th in 2023 & 2024 to 2nd, with Chainalysis explaining that the reason is due to the open legal system under President Donald Trump, as well as the wave of digital asset adoption by large organizations through the crypto ETF investment trend, along with crypto treasury companies.
The report added that the region that trails only Asia-Pacific in crypto adoption growth is Latin America, with Brazil leading the way in breaking into the top five for the first time after three years in the bottom half of the top 10.
Southeast Asia has 3 representatives in the top 10: Vietnam , Indonesia and the Philippines, with rankings of 4, 7 and 9 respectively - helping Vietnam regain its leading position in the region after a year of being replaced by Indonesia.
Other highlights of the report
- Global stablecoin usage skyrockets: Despite the US GENIUS stablecoin law not yet taking effect, global stablecoin volume has skyrocketed from $1 trillion in July 2024 to $2.8 trillion in July 2025.
- The emergence of many new stablecoins besides USDT and USDC: The report said that although Tether and Circle still dominate the stablecoin segment, new names are gradually emerging, backed by large financial institutions such as PayPal with PYUSD, and Decentralized Stablecoin Dai.
- Bitcoin remains the currency attracting the most fiat Capital flows: During the statistical period from June 2024 to June 2025, Bitcoin remained the cryptocurrency with the most direct investment from fiat, followed by the group of layer-1 coins. This trend was led by the United States, South Korea, the Eurozone, Turkey, and the United Kingdom.
- Crypto adoption increases steadily across country groups: In the second half of 2024 and early 2025, nearly every country tracked by Chainalysis, from high-income, upper Medium income, to lower Medium income, saw digital asset usage rise to a five-year high, with the sole exception of low-income countries.
Evidence
Global Cryptocurrency Adoption Index 2025. Source: Chainalysis
The Global Crypto Adoption Index 2025 takes into account population. Source: Chainalysis
Crypto volume growth by geography. Source: Chainalysis
Total stablecoin volume during the period January 2023 - July 2025. Source: Chainalysis
Asset groups purchased directly with fiat currency during the period July 2024 - June 2025. Source: Chainalysis
Crypto adoption index by income of country groups. Source: Chainalysis
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