China P2P stablecoin wallets grew 43x despite crypto restrictions: Chainalysis
- —Unique P2P stablecoin wallets in China grew 43x from Q1 2024 to Q2 2026
- —Activity is shifting toward direct wallet-to-wallet transfers
- —Chainalysis data shows growth despite China's crypto restrictions
Why it matters: The surge in P2P stablecoin use shows demand for dollar-denominated transfers in China persists despite strict bans.
Source: Cointelegraph
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