🚨 China stablecoin use surges 43x as South Korea leads East Asia
Chainalysis reports that China’s peer-to-peer (P2P) stablecoin wallet activity grew 43-fold between early 2024 and mid-2026. Despite domestic bans, China recorded $104.1 billion across 18.1 million transfers, with users treating stablecoins like USDT as working capital for business operations.
South Korea has emerged as East Asia’s largest crypto economy, valued at $449.1 billion. While retail interest in AI-linked tokens remains high, domestic exchanges saw operating profits drop 78% in early 2026 due to lower trading volumes and market valuations.
Hong Kong is moving to finalize its licensing regime for custody and trading by the end of 2026. The city is a hub for institutional activity, seeing $24 billion in business-to-business crypto flows, nearly triple the share of its regional neighbors.
#China #SouthKorea #Stablecoins #CryptoNews
Chainalysis reports that China’s peer-to-peer (P2P) stablecoin wallet activity grew 43-fold between early 2024 and mid-2026. Despite domestic bans, China recorded $104.1 billion across 18.1 million transfers, with users treating stablecoins like USDT as working capital for business operations.
South Korea has emerged as East Asia’s largest crypto economy, valued at $449.1 billion. While retail interest in AI-linked tokens remains high, domestic exchanges saw operating profits drop 78% in early 2026 due to lower trading volumes and market valuations.
Hong Kong is moving to finalize its licensing regime for custody and trading by the end of 2026. The city is a hub for institutional activity, seeing $24 billion in business-to-business crypto flows, nearly triple the share of its regional neighbors.
#China #SouthKorea #Stablecoins #CryptoNews