U.S. crypto transaction volume surges in H1 amid policy shift under Trump - report

[Digital Gold Dollar Concept]
BlackJack3D

U.S. crypto transactions jumped ~50% year-over-year in the first half of the year to over $1T, reflecting U.S. President Donald Trump's pro-crypto policy shift and growing institutional interest, according to a Tuesday report from blockchain intelligence firm TRM Labs.

That builds on the roughly 50% Y/Y gain recorded in 2024, cementing the U.S.'s status as the world's largest crypto market in absolute terms measured by transaction volume.

The climb underscores how regulatory frameworks like the GENIUS Act started to become much clearer -- which boosted confidence -- and more institutional money started flowing into crypto through vehicles like stablecoins and exchange-traded funds.

"The US market’s two consecutive years of double-digit expansion reflect not just enthusiasm, but the compounding effect of regulatory clarity and political commitment," TRM said. The growth also coincides with rising crypto prices (BTC-USD [https://seekingalpha.com/symbol/BTC-USD]) (ETH-USD [https://seekingalpha.com/symbol/ETH-USD]), as the industry is "moving further into the financial mainstream."

But the U.S. isn't the only country embracing crypto. In the January - July 2025 period, India had the highest level of crypto adoption, followed by the U.S., Pakistan, Philippines, Brazil and Indonesia. The nations with the lowest ranks include Luxembourg, Iceland and Brunei Darussalam.

Notably, crypto adoption in South Asia accelerated 80% from the same period last year, becoming the fastest-growing region for crypto adoption this year, as of July, the report said [https://www.trmlabs.com/reports-and-whitepapers/2025-crypto-adoption-and-stablecoin-usage-report].

Globally, stablecoins like Tether's USDT (USDT-USD [https://seekingalpha.com/symbol/USDT-USD]) and Circle Internet Group's (CRCL [https://seekingalpha.com/symbol/CRCL]) USDC (USDC-USD [https://seekingalpha.com/symbol/USDC-USD]) played a greater role in crypto adoption, representing 30% of crypto transaction volume in the January - July 2025 period.

TRM's Country Crypto Adoption Index ranks digital asset adoption relative to the size of a country's economy, combining its proprietary on-chain transaction data with web traffic patterns analysis. From there, it scales to account for differences in economic conditions worldwide.

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