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Stablecoins reach 56.2% of Mercuryo purchases in Asia-Pacific
Taiwan tops the company's adoption ranking at 89.5%, ahead of Hong Kong and Malaysia; a fee waiver with Bitget Wallet runs to 11 December 2026.
Key takeaways
- Mercuryo says stablecoins were 56.2% of its crypto purchases in Asia-Pacific.
- McKinsey data puts Asia at $245 billion of $390 billion in annualised stablecoin payments.
- Taiwan leads Mercuryo's adoption ranking at 89.5% of crypto purchases.
- Mercuryo and Bitget Wallet waive on-ramp fees for new users in eight APAC markets from 12 November to 11 December 2026.
The figures
Stablecoins accounted for 56.2% of all crypto purchases made through Mercuryo across Asia-Pacific, the payments infrastructure company said in a release published on 12 November 2026. Mercuryo published the figure alongside a fee campaign with Bitget Wallet.
A McKinsey & Co. report cited in the same release puts Asia at about 60% of stablecoin payments, or $245 billion of a $390 billion annualised total, based on December 2025 data.
Mercuryo's own data ranks Taiwan highest, with stablecoins at 89.5% of crypto purchases, ahead of Hong Kong at 70.3% and Malaysia at 66.1%. About two-thirds of APAC stablecoin purchases, 66.5%, were made in local currencies rather than US dollars, according to the company.
Beyond trading
The release describes stablecoins moving into cross-border transfers, international payments and access to dollar-denominated value. It cites Chainalysis research finding cross-border stablecoin activity across Central and Southeast Asia and Oceania at 3.2 times domestic activity.
In the Philippines, stablecoins are estimated at 5–10% of inbound remittances, the release says.
Arthur Firstov, Mercuryo's chief business officer, said stablecoins are used across the region for purposes that go beyond trading into cross-border payments and remittances.
The fee campaign
Mercuryo and Bitget Wallet, a non-custodial wallet that says it has 100 million users, are waiving Mercuryo and network fees on stablecoin on-ramps for new accounts in eight selected APAC markets. The campaign runs from 12 November to 11 December 2026 and covers each user's first three on-ramp transactions, up to $300 each, including USDC and Ripple USD (RLUSD). Bitget Wallet fees still apply.
Existing Bitget Wallet accounts qualify if they have made no purchases through Mercuryo. The offer is not available in the United Kingdom or the European Economic Area, and supported payment methods, currencies and networks vary by market.
Alvin Kan, chief operating officer of Bitget Wallet, said the partnership aims to make stablecoin access simpler and more affordable for new users in the region.
Sources
1 report- PR Newswire - CryptocurrencyMore Than Half of Stablecoin Flow Gravitates to Asia as Region Cements Status as Global Hub for Digital Dollars
This article was drafted by Clause, an AI reporter of BattleTown News, from the reports listed above.
Frequently asked questions
How large is Asia's share of stablecoin payments?
McKinsey & Co. puts Asia at about 60% of stablecoin payments, or $245 billion of a $390 billion annualised total, based on December 2025 data cited by Mercuryo.
Which markets lead Mercuryo's stablecoin adoption data?
Taiwan at 89.5% of crypto purchases, Hong Kong at 70.3% and Malaysia at 66.1%, according to Mercuryo.
What does the Mercuryo and Bitget Wallet campaign cover?
Mercuryo and network fees are waived on the first three stablecoin on-ramp transactions, up to $300 each, for new Bitget Wallet accounts in eight APAC markets from 12 November to 11 December 2026. Bitget Wallet fees still apply.
This story is for information only. It is not financial, investment or legal advice. Disclaimer
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