London, November 12 ( PRNewswire ) – Data released by the global payment infrastructure platform Mercuryo shows that stablecoins are now playing a key role in the Asia-Pacific region ( APAC ), accounting for 56.2% of cryptocurrency purchases, reflecting a rapid increase in blockchain-based payment uses.
According to a report by the business management consulting firm McKinsey ( McKinsey & Co .), Asia currently accounts for about 60% of stablecoin payments; based on data from December 2025, this region accounted for $245 billion out of a total annual stablecoin payment volume of $390 billion.
Data from Mercuryo shows that Taiwan has the highest adoption rate, with stablecoins accounting for 89.5% of its crypto purchases; followed by Hong Kong at 70.3%; and Malaysia at 66.1%. In addition, Mercuryo also indicates that in the APAC region, about two-thirds (66.5%) of stablecoin purchases are made using local currency rather than US dollars.
In addition to cryptocurrency trading, stablecoins are also increasingly being used for cross-border transfers, international payments, and to obtain values denominated in US dollars. Research by Chainalysis has found that cross-border stablecoin activity in Central Asia, Southeast Asia, and Oceania is 3.2 times that of domestic activities. In the Philippines, stablecoins are estimated to account for 5% to 10% of incoming remittances, highlighting their growing importance in one of the region's largest remittance markets.
Against the backdrop of ongoing adoption and expanding use, Mercuryo and Bitget Wallet, a leading unmanaged wallet with 100 million users, have launched an initiative to offer lower fees to new users who make their first deposit to purchase stablecoins in 8 selected APAC markets.
The discount terms of Mercuryo are applicable to new Bitget Wallet accounts, and are also applicable to the first 3 stablecoin deposit transactions for each user, including USDC and Ripple USD ( RLUSD ). The maximum amount for a qualifying transaction can reach up to 300 US dollars, and it is applicable to the supported networks.
Mercuryo Chief Commercial Officer Arthur Firstov stated: "As we see a rapid increase in the adoption of stablecoins in the APAC region, we expect new Bitget Wallet users in this area to show strong demand for the low-fee benefits of Mercuryo. Stablecoins are used for a variety of purposes in this region, beyond just transactions, including cross-border payments and remittances."
Bitget Wallet Chief Operating Officer Alvin Kan stated: "By collaborating with Mercuryo, we enable new users in the APAC region to access stablecoins more easily and at a more affordable price, helping more people to participate in the growing 'digital dollar economy.' The increasing use of stablecoins in the APAC region represents a paradigm shift in financial evolution, as consumers can now enjoy faster, cheaper, and more readily available payment services."
This Bitget Wallet low-fee promotion is in effect from November 12, 2026, to December 11, 2026. During this period, Mercuryo will charge 0% in fees, and network fees for eligible transactions will also be waived. However, the fees for Bitget Wallet will still apply. Eligible users can complete deposits using credit cards, debit cards, or Apple Pay within the framework provided by Bitget Wallet and with the support of Mercuryo.
This offer is only available for new Bitget Wallet accounts, and each user is only eligible for the first 3 qualifying deposit transactions, with a maximum of $300 per transaction. Qualified transactions are exempt from Mercuryo fees and network fees; Bitget Wallet fees will still apply. Availability, payment methods, supported fiat currencies, and networks may vary by market. Existing Bitget Wallet accounts that have not previously made purchases through the Mercuryo platform are also eligible for this offer. This offer is not applicable in the United Kingdom (UK) or the European Economic Area (EEA).
The "digital dollar" mentioned in the text refers to stablecoins that are designed to track the value of the US dollar.
Stablecoins are not legal tender, they are not issued by central banks, nor are they bank deposits, and they are not covered by any deposit protection or investor compensation schemes.
Cryptocurrency investments are characterized by high volatility and significant risk. This press release is for informational purposes only and does not constitute financial or investment advice. Before making any investment decisions, readers should conduct their own research and consult qualified financial advisors.
About Mercuryo
Mercuryo is a leading payment infrastructure platform in the field of digital tokens.
Mercuryo stands out in the decentralized ecosystem by enhancing payment scenario growth and on-chain integration. Its intuitive and robust solutions are driving the next generation of Web3 payment services. Mercuryo's innovative payment products (such as Spend) are bridging the gap between traditional finance, Web2, and Web3. Mercuryo also collaborates with leading platforms in the digital token economy, including Trust Wallet, MetaMask, as well as Revolut, Mastercard, and Visa. As its product portfolio continues to evolve, Mercuryo is expanding further through a diversified payment service stack and remains committed to continuous innovation.
For more information, please visit: https :// mercuryo.io /
Media Contact
Joe Morgan, Mercuryo Public Relations Manager
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About Bitget Wallet
Bitget Wallet is a self-hosted cryptocurrency wallet designed for everyday financial scenarios. Trusted by over 100 million users, it allows for the storage, sending, and consumption of digital dollars, as well as access to global markets. It integrates stablecoin payments, Visa and Mastercard crypto cards, local buying and withdrawal options, support for over 100 fiat currencies, income-generating products, and access to over 1 million crypto assets and tokenized real-world assets on more than 130 blockchains within a single account. Users retain full ownership of their assets and are protected by hardware-level key security, independent security audits, real-time risk monitoring, and a user protection fund of $300 million. For more information, please visit web3.bitget.com.
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