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China’s Peer-to-Peer Stablecoin Wallets Grew 43-Fold Despite Crypto Restrictions, Chainalysis Says
Crypto Daily·October 6, 2026·1 min read
China's peer-to-peer stablecoin wallets grew 43-fold from Q1 2024 to Q2 2026, despite crypto restrictions, according to Chainalysis. Domestic transfers reached 59.1% of China's all-in crypto economy, indicating significant P2P activity. This growth highlights resilience in China's crypto market despite regulatory hurdles.
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