Crypto Adoption Slows in Developed Markets Amid Stablecoin Growth

Crypto adoption has slowed down in developed markets during the first quarter of 2026, according to a report by TRM Labs. This trend is evident in the reduced total global retail volume, which reached $979 billion, down 11% from the same period last year.

The top five countries with the most significant crypto usage remained largely unchanged, with the USA leading at $212 billion in total activity, followed by South Korea ($69 billion), Russia ($48 billion), India ($46 billion), and Turkey ($40 billion).

However, there is a notable exception. India showed resilience, with only a 6% loss compared to last year's growth, while Turkey entered the top five with a 7% year-on-year increase.