Chinese P2P stablecoin wallets just exploded 40x in 2 years — despite the ban.

Even crazier: turnover rate hit 33.2x annually vs global avg of 9.3x.

This isn't hodling. This is working capital flowing underground.

China banned crypto, but stables are the real rails now — P2P liquidity never sleeps.

$USDT $USDC doing heavy lifting where banks can't reach.