Singapore has long been recognized as a global financial hub, and in 2025, it has further solidified its position as a leader in cryptocurrency adoption. Recent data from the Independent Reserve Crypto Index (IRCI) highlights a significant uptick in the adoption of XRP, Ripple's native digital asset, among Singaporean investors. This trend underscores the nation's growing embrace of digital assets and its role in shaping the future of finance.
XRP Adoption Surges in Singapore: A 2025 Crypto Milestone
XRP's Rising Popularity Among Singaporean Investors
According to the 2025 IRCI report, XRP adoption in Singapore has increased from 14% to 17%, marking the second-largest growth among altcoins. Ethereum (ETH) experienced the most significant rise, jumping from 41% to 48%. Other notable increases include Solana (SOL) from 17% to 19% and Dogecoin (DOGE) from 18% to 19%.
This surge in XRP adoption reflects a broader trend of diversification in crypto portfolios among Singaporeans. Investors are increasingly looking beyond Bitcoin to explore other digital assets that offer unique value propositions.
Unprecedented Levels of Crypto Awareness
The IRCI report reveals that 94% of Singaporeans are now aware of at least one cryptocurrency, a record high. Bitcoin remains the most recognized, with 91% familiarity, and continues to dominate portfolios, accounting for 68% of total crypto holdings.
This heightened awareness indicates a maturing market where digital assets are becoming an integral part of financial discussions and investment strategies.
Stablecoins Gain Momentum: The Rise of RLUSD
Stablecoins, particularly those pegged to the US dollar, are gaining significant traction in Singapore. The report notes that 46% of respondents have held stablecoins at some point, with 21% currently holding them. Ripple's RLUSD, a USD-pegged stablecoin, has emerged as a notable player, amassing a market cap exceeding $310 million within a few months.
The preference for USD-pegged stablecoins, favored by 83% of respondents, highlights a desire for stability amid the volatile crypto market.
Investment Patterns: A Cautious Yet Growing Interest
While interest in cryptocurrencies is on the rise, Singaporean investors approach the market with measured caution. The majority (57%) invest less than $500 per month in crypto assets, 29% allocate between $500 and $1,000, and only 10% invest over $1,000 monthly.
These figures suggest a growing but prudent engagement with digital assets, reflecting a balanced approach to portfolio diversification.
Regulatory Clarity and Institutional Support
Singapore's progressive regulatory framework has been instrumental in fostering a conducive environment for crypto adoption. In June 2023, Ripple received in-principle approval from the Monetary Authority of Singapore to offer regulated digital payment token services.
This regulatory clarity provides investors and institutions with the confidence to engage with digital assets, further propelling adoption rates.
Implications for the Asia-Pacific Region
Singapore's advancements in crypto adoption serve as a bellwether for the broader Asia-Pacific (APAC) region. As regulatory frameworks evolve and infrastructure improves, other APAC nations may follow suit, leveraging Singapore's model to integrate digital assets into their financial ecosystems.
Conclusion
The 2025 IRCI report underscores Singapore's pivotal role in the global cryptocurrency landscape. The notable increase in XRP adoption, coupled with rising awareness and institutional support, paints a promising picture for the future of digital assets in the region. As Singapore continues to lead by example, it sets the stage for broader adoption and innovation across the Asia-Pacific.