XRP Adoption in Singapore Grows from 14% to 17% as Crypto Awareness Hits All-Time High, Says Independent Reserve Report.

A new 2025 crypto report from Independent Reserve, Australia's largest crypto exchange, reveals a sharp rise in XRP adoption among Singaporeans—signaling

A new report from Independent Reserve, Australia’s largest crypto exchange, has unveiled a substantial increase in XRP adoption among Singaporeans.

The findings, which come from the Independent Reserve Crypto Index Singapore Report, are based on a survey of 1,500 residents by Milieu Insight.

The report found that 17% of respondents had XRP in their portfolio in the third quarter of 2023, up from 14% in the second quarter.

This shift highlights growing diversification in Singaporean crypto portfolios, with XRP emerging as a strong contender among investors.

Singapore’s crypto awareness has also reached new highs, with 94% of respondents indicating awareness of at least one cryptocurrency.

Key insights from the report include:

The report also highlights the increasing ownership of stablecoins among Singaporean crypto investors.

Notably, Ripple’s (NYSE:SEUM) new stablecoin, RLUSD, has crossed the $310 million market cap in just a few months.

As the demand for USD-pegged assets soars, RLUSD is rapidly emerging as a major stablecoin across the Asia-Pacific (APAC) region.

The report underscores the significant preference for stablecoins over other cryptocurrencies. This finding is particularly interesting in the context of the burgeoning DeFi ecosystem, which is driving demand for stablecoins as essential components of decentralized financial applications.

With its emphasis on compliance and transparency, RLUSD is well-positioned to capitalize on this trend and could play a pivotal role in the future of the crypto market in APAC.

As the region continues to recover from the pandemic and integrate new technologies, the role of crypto in the APAC economy could become even more pronounced.

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