Ukraine leads global stablecoin usage relative to GDP
Ukraine ranked first worldwide in the global index measuring stablecoin transaction volumes relative to GDP, surpassing Nigeria and Georgia. This information comes from the World Crypto Rankings 2025 report by DL Research and Bybit. It highlights the significant role stablecoins play in Ukraine’s economy, where they are actively used for remittances, savings, and cross-border payments by both businesses and private individuals.
Source Incrypted
The ranking reflects not the overall market size but the actual usage of stablecoins within national economies. Ukraine’s indicator of 3.60% of GDP far exceeds that of other countries, including Nigeria (1.20%) and Georgia (1.06%), underscoring the growing importance of cryptocurrencies in financial transactions and international settlements amid global trends.
Looking ahead, stablecoins are expected to play an even greater role in Ukraine, potentially enhancing their economic impact and improving access to financial services in the context of worldwide digitisation.
