Stablecoins are expected to drive institutional adoption of cryptocurrency in Asia, even amid regulatory concerns, according to Chainalysis CEO Michael Gronager at Token2049 in Singapore. He noted that stablecoins account for two-thirds of blockchain transaction volumes. While Asia shows strong adoption, with five countries in the top 10 of Chainalysis' Global Adoption Index, the U.S. remains the most influential region due to its trading volumes and regulatory impact. Gronager also mentioned that interest from Japanese banks in launching stablecoins is growing, despite delays from regulatory discussions. He believes the upcoming U.S. presidential election will have minimal impact on the crypto industry. Source: Coindesk