APAC accounted for 51.2% of global stablecoin payment volume, making it the largest regional market, according to a CoinDesk Research analysis. Stablecoin activity is expanding beyond trading into payments, corporate treasury management and settlement, while initiatives across the region are applying the assets to financial services within established regulatory frameworks. USDT’s share of APAC stablecoin payment volume declined to 91% in July 2026 from 98% in early 2025, indicating less concentration in the leading token. The analysis said compliance-focused stablecoins such as RLUSD will need wider distribution networks, custody support and more practical use cases in regulated financial sectors to gain broader adoption.