Degen

Hong Kong emerged as the fastest-growing East Asian country in terms of crypto adoption in the world, with 40% of the region's value received in stablecoins.

Stablecoins and digital currencies are replacing fiat currencies in some East Asian countries, highlighting their importance in emerging economies. According to a September 17 report by Chainalysis, East Asia emerged as the sixth largest crypto economy in 2024 and It accounted for more than 8.9% of the value of global digital currencies received between June 2024 and July 2023.

Looks like East Asia is ditching the old school cash for the flashy digital stuff! Watch out, fiat currencies, stablecoins are coming for your throne!