Chainalysis: Nearly 20% of Canada's Stablecoin Outflows Head to Asia
- —About 20% of Canada's stablecoin outflows go to Asia
- —India, the Philippines and China are the main recipients
- —Data points to rising stablecoin use in cross-border payments
Why it matters: Growing stablecoin flows into Asia boost demand for digital dollars and could shape regulation of cross-border payments.
Source: Coinfomania