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CoinTelegraph • October 5th 2026, 1:00 PM

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

Key Summary

China P2P stablecoin wallets grew 43x despite crypto restrictions, with 18.1 million unique wallets and $104.1 billion in transactions between July 2025 and June 2026.

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Unique wallets sending P2P stablecoin transactions in China grew 43-fold between Q1 2024 and Q2 2026 as crypto activity increasingly shifted toward direct wallet-to-wallet transfers.

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