Amid the bustling streets of Singapore, a new 2025 crypto report from Independent Reserve, the largest crypto exchange in Australia, has revealed a rather amusing and unexpected surge in XRP adoption. It seems the good people of Singapore have taken a fancy to this particular cryptocurrency, much to the delight of the broader Asia-Pacific (APAC) region. 🎉
As crypto awareness reaches unprecedented heights in Singapore, XRP and USD-pegged stablecoins, including Ripple’s RLUSD, are becoming the darlings of investors. Who would have thought? 🤷♂️
Here’s what the latest findings show:
XRP and Ethereum See Uptick in Portfolios
The Independent Reserve Crypto Index Singapore Report, based on a survey of 1,500 residents by Milieu Insight, found that:
- XRP adoption rose from 14% to 17%, the second-largest increase among altcoins. 📈
- Ethereum (ETH) saw the biggest jump—from 41% to 48%. 🚀
- Solana (SOL) increased from 17% to 19%, and Dogecoin (DOGE) from 18% to 19%. 🐶
This shift highlights a growing diversification in Singaporean crypto portfolios, with XRP emerging as a strong contender. It’s like a new star in the crypto constellation! 🌟
Singapore’s Crypto Awareness at Record Highs
The report reveals that 94% of respondents are aware of at least one cryptocurrency, marking a new high in awareness levels. Key insights:
- Bitcoin (BTC) remains the most recognized—91% familiarity. 🤓
- Bitcoin also dominates portfolios, accounting for 68% of total crypto holdings. 💰
How Much Are Singaporeans Investing in Crypto?
- Only 10% invest over $1,000/month in crypto. 🤑
- The majority (57%) invest less than $500/month. 🤔
- Around 29% allocate between $500–$1,000. 🤑
These figures reflect a cautious but growing interest in crypto as an investment vehicle. It’s like a slow dance towards the future. 🕺
- Also Read :
- XRP Price Prediction For May 24
- ,
Stablecoins Gain Momentum: RLUSD on the Rise
The report shows rising stablecoin ownership:
- 46% of respondents have held stablecoins (current or past). 📊
- 21% currently hold, while 25% held in the past. 🕰️
- 83% prefer USD-pegged stablecoins over other types. 🇺🇸
Notably, Ripple’s RLUSD is making waves. With a market cap crossing $310 million in just a few months, RLUSD is rapidly emerging as a major stablecoin across APAC. It’s like a new kid on the block, but with a lot of clout. 🌟
What This Means for Crypto in APAC
The report paints a clear picture: XRP and stablecoins like RLUSD are gaining serious traction in Singapore and potentially across the APAC region. As regulatory clarity and crypto infrastructure improve, the region could lead the next wave of mainstream crypto adoption. It’s a thrilling time to be in the crypto world! 🚀
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2025-05-24 10:54