Recent insights from TRM Labs indicate that a significant rise in retail crypto transactions, specifically a 125% increase globally, has been recorded, largely due to clearer regulations. These statistics reflect a continuing trend observed from 2024 to 2025, as detailed in their latest Crypto Adoption and Stablecoin Usage Report.

Most of this crypto activity has been related to practical applications, including payments and remittances, particularly under uncertain economic circumstances. The report emphasizes the evolving role of individual participants within the crypto ecosystem.

“As the ecosystem has matured, however, the footprint of crypto activity has diversified, with more structured service providers and institutional participants shaping transaction patterns.”

Regulatory Clarity as a Catalyst

The increase in crypto transactions in the U.S. has been prominently influenced by political and regulatory advancements that have invited more market participants over the past two years.

“The U.S. market’s two consecutive years of double-digit expansion reflect not just enthusiasm, but the compounding effect of regulatory clarity and political commitment,” the report states.
Recent legislation such as the GENIUS Act aimed at stablecoins and the CLARITY Act exemplifies this trend, signaling a more compliant future for crypto.
Further, in Pakistan, a supportive regulatory environment has led to a rise in grassroots adoption, with over 28 million crypto users expected by 2026, despite it being a country of 250 million people.
“In some jurisdictions, adoption has accelerated in response to regulatory clarity and institutional access; in others, it has expanded despite formal restrictions or outright bans,” according to TRM Labs.

###Challenges to Crypto Uptake
Notably, despite stringent regulations and outright bans in locations such as Bangladesh, where there are no operating licensed platforms, crypto adoption remains robust.

“However, ongoing capital controls and limited access to foreign exchange have made crypto an attractive option for individuals seeking alternatives to traditional financial systems,” the report elaborates.

A Financial Stability Board report supports TRM Labs’ findings, stating that blanket bans often push people towards cryptocurrencies instead of deterring them.

“These contrasting dynamics point to a consistent trajectory: crypto is moving further into the financial mainstream. A key trend underscoring this shift is the rise of stablecoins.”