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Vignesh S G
Vignesh S G
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- May 24, 2025 07:38 UTC
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XRP Adoption Booms in Singapore! 2025 Crypto Report Reveals Shocking Surge
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XRP $ 2.35 (-0.49%) 
XRP Adoption in Singapore Grows from 14% to 17% as Crypto Awareness Hits All-Time High, Says Independent Reserve Report.
Ripple’s RLUSD Stablecoin Gains APAC Momentum with $310M Market Cap Amid Rising Preference for USD-Pegged Assets.
A new 2025 crypto report from Independent Reserve, Australia’s largest crypto exchange, reveals a sharp rise in XRP adoption among Singaporeans—signaling broader crypto momentum across the Asia-Pacific (APAC) region.
As crypto awareness hits record highs in Singapore, XRP and USD-pegged stablecoins, including Ripple’s RLUSD, are becoming investor favorites.
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 growing diversification in Singaporean crypto portfolios, with XRP emerging as a strong contender.
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.
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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.
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.
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FAQs
Yes, the report highlights growing adoption, with Japan’s banks anticipated to integrate XRP Ledger by end of 2025 for cross-border payments. Many other institutions also use Ripple’s technology.
Yes, institutions are showing increased interest in XRP, with reports of significant institutional inflows and growing confidence following ETF approvals.
The report emphasizes stablecoins like RLUSD for complex blockchain utility like cross-border payments, positioning XRP within this practical focus, unlike speculative assets.
Ripple launched RLUSD to compete with established stablecoins, emphasizing compliance and transparency. They’ve also explored acquiring Circle and engaging with governments on CBDCs.
Portfolio diversification is a key driver for Singaporean crypto investors, viewing digital assets as a complement to traditional investments and for saving or trading.
Yes 
No 
