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Cross-border stablecoin flows rise, Chainalysis finds 77.5% jump
The analysis also counted 4,708 new country-to-country routes, but they accounted for just $2.6 billion of $220.3 billion in measured total.
Chainalysis found cross-border stablecoin flows increased sharply, with new activity up 77.5%.
The firm identified 4,708 new country-to-country routes, according to The Defiant, but those routes carried only $2.64 billion of the $220.3 billion measured total.
That gap suggests the growth in new routing is occurring alongside concentrated overall stablecoin flow volumes across a smaller share of routes.
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