Canada crypto remittances to Asian countries surge 141% to $2.36B: Chainalysis

摘要:Crypto remittances from Canada to India, China and the Philippines surged 141% to $2.36 billion, with Philippine transfers reaching $61 million, Chainalysis found.

Remittance-sized crypto transfers from Canada to India, China and the Philippines surged 141% year-over-year to $2.36 billion, as digital asset payments expanded across the three major remittance corridors.

According to a new Chainalysis report, the three countries accounted for 19.4% of Canadas outbound cross-border stablecoin value, up from 10.9% in the previous year. Transfers totaled 3.56 million transactions in the 12 months ending June 2026, averaging $663 per transaction.

Referring to additional data shared with Cointelegraph, Chainalysis head of research Eric Jardine said Canada-to-Philippines crypto remittances alone reached $61.02 million across 73,564 transactions, up 28% and 34.7%. The analysis covers Bitcoin and stablecoins above $10,000 to and from personal wallets.

Chainalysis ranked Canada as the strongest peer-to-peer (P2P) crypto economy among G7 nations, pointing to its large foreign-born population and the cost of traditional remittance services as potential adoption drivers.

North America crypto economy, by reporting period. Source: Chainalysis

Stablecoins gain ground in Canadas remittance corridors

About 23% of Canadas population is foreign-born, the highest share in the G7, according to Morva Rohani, executive director of the Canadian Web3 Council.

“Remittance corridors to India, the Philippines, Nigeria, Pakistan, and China are heavily used,” Rohani said in the report.

Stablecoins accounted for 44% of Canadian dollar-based order book volume in June, up from 30% a year earlier, the report found. Chainalysis cited World Bank estimates putting the average cost of sending money from Canada at 6.7%, although low blockchain settlement fees do not account for currency conversion and cash-out costs.

Related: China P2P stablecoin wallets grew 43x despite crypto restrictions: Chainalysis

The report also found that Canadas domestic P2P activity tracked changes in its temporary visa-holder population since mid-2021, although Chainalysis cautioned that the relationship was correlational rather than causal. Jardine told Cointelegraph that the firm does not limit its analysis to the smallest transfers to avoid “omitting real remittance value.”

Previous Chainalysis research found global cross-border stablecoin flows rose 77.5% to $220.3 billion in the year through June.

免责声明

本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性作出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任
上一篇

黑客盗取 8.6 万美元加密金库锁定代币

下一篇

Bitway 上涨 5000% 后是否面临回调