Canadians Sent $2.36B in Stablecoin Transfers to India, Philippines and China
- —Transfers to India, the Philippines and China rose 141% year over year
- —Total cross-border transfer volume reached $2.36 billion
- —Average transfer size was $663
- —Banks charge over 7% for remittances, while stablecoin transfers cost cents
Why it matters: The surge shows stablecoins moving into everyday remittance use, which could accelerate regulatory attention and adoption in cross-border payments.
Source: Coinfomania