XRP Adoption Booms in Singapore! 2025 Crypto Report Reveals Shocking Surge

Published by

Vignesh S G

May 24, 2025

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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.

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.

FAQs

Is XRP going to be adopted by banks?

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.

Are big institutions buying XRP?

Yes, institutions are showing increased interest in XRP, with reports of significant institutional inflows and growing confidence following ETF approvals.

How does XRP’s real-world use case compare to other altcoins like Solana or Dogecoin in APAC markets?

The report emphasizes stablecoins like RLUSD for complex blockchain utility like cross-border payments, positioning XRP within this practical focus, unlike speculative assets.

How is Ripple addressing competition from other stablecoin issuers like Circle, Tether, or even central bank digital currencies (CBDCs)?

Ripple launched RLUSD to compete with established stablecoins, emphasizing compliance and transparency. They’ve also explored acquiring Circle and engaging with governments on CBDCs.

What are the primary motivations for Singaporeans investing in crypto?

Portfolio diversification is a key driver for Singaporean crypto investors, viewing digital assets as a complement to traditional investments and for saving or trading.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

Published by

Vignesh S G

Tags: Ripple (XRP)