Canadian Crypto Remittances to Asia Jump 141% to $2.36B, Chainalysis Says

Remittance-sized crypto transfers from Canada are expanding quickly, with stablecoin and Bitcoin activity growing across key routes to India, China and the Philippines. A new report from Chainalysis says the combined value of these corridor transfers rose 141% year over year to $2.36 billion. Chainalysis attributes the surge to broader use of digital assets in cross-border payments, noting that three destinations—India, China and the Philippines—accounted for 19.4% of Canada’s outbound cross-border stablecoin value. That share was 10.9% a year earlier.

Source: Crypto Breaking News