REPORT | India, China, Philippines Account for ~20% of Stablecoin Transfers from Canada, Reveals Chainalysis
Photo: BitKE
Crypto transfers from Canada to India, China, and the Philippines rose 141% year-on-year to $2.36 billion in the 12 months through June 2026 as digital assets gained traction in cross-border payments, blockchain analytics firm, Chainalysis, said. The three corridors accounted for 19.4% of Canada’s outbound cross-border stablecoin value, up from 10.9% a year earlier. The transfers totalled 3.56 million transactions with an average value of $663, according to the report. Canada-to-Philippines crypto transfers reached $61.02 million across 73,564 transactions rising 28% in value and 34.7% in transaction count, according to additional data by Chainalysis.
Source: BitKE
