PANews reported on December 10th that Bybit, in conjunction with DL Research, released the "World Crypto Rankings Report 2025". The report comprehensively assesses cryptocurrency adoption in 79 countries and regions worldwide based on 28 indicators and 92 data points.

Singapore, with its world-leading regulatory clarity, over 11% resident currency holding rate, and strong institutional maturity, surpassed the United States to rank first globally. The United States ranked second, with Lithuania, Switzerland, and the United Arab Emirates ranking third to fifth, respectively. The Asia-Pacific region performed particularly well, with Vietnam ranking ninth, Hong Kong tenth, and Australia, the Philippines, and South Korea also successfully entering the global top 20.

Meanwhile, the report reveals three major trends in the application of digital assets:

• Tokenization of physical assets: RWA's on-chain value surged 63% to $25.7 billion in 2025;
• The Rise of Local Stablecoins: Countries Explore Local Currency Stablecoins;
• On-chain pay becomes the norm: Acceptance of crypto pay surges from 3% to 9.6%, with stablecoins accounting for over 90%.