According to Chainalysis CEO Michael Gronager, stablecoins will drive institutional adoption in Asia, even if regulators are not pleased with it. While Asia has higher user adoption, the United States remains the most influential geography in the cryptocurrency industry. Stablecoins, which are crypto tokens pegged to real-world assets, are gaining popularity and account for two-thirds of all transaction volume on blockchains. Chainalysis reports that five Asian countries are in the top 10 of the Global Adoption Index, with India and Nigeria leading in grassroots crypto adoption. However, Gronager notes that the U.S. holds the largest trading volumes and is where the crypto economy looks to institutions for guidance. Despite the regulatory influence, Gronager believes that the outcome of the U.S. presidential election in November will not significantly impact the crypto industry.



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