Unique wallets sending peer-to-peer stablecoin transfers in China grew 43-fold between early 2024 and mid-2026, blockchain analytics firm Chainalysis reported. The company recorded $104.1 billion across 18.1 million self-custodied stablecoin transfers during its July 2025 to June 2026 period.
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Stablecoin Wallets in China Surged 43x Even as Beijing Tightened Crypto Rules
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