Regulation· ★★★· neutral·

Chainalysis: China ranks 2nd globally in person-to-person wallet transfers despite crypto ban

  • —China ranked 12th out of 117 countries in the overall adoption index
  • —China placed 2nd in domestic wallet-to-wallet transfers, behind Nigeria, with Brazil 3rd
  • —Global wallet-to-wallet transfers grew 302.9% to $228.7 billion over the year
  • —Stablecoins made up 96% of those transfers, while platform inflows fell from $9.3 trillion to $8.9 trillion
Why it matters: The data shows China's exchange ban has not stopped peer-to-peer stablecoin flows, a key signal for gauging real USDT demand.
#USDT
Source: 動區 BlockTempo
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