Crypto remittances from Canada to Asian countries reached $2.36 billion, a 141% surge, according to a Chainalysis report. Approximately 23% of Canada’s population is foreign-born, the highest rate in the G7. Remittance corridors to India, the Philippines, Nigeria, Pakistan, and China are particularly active. Stablecoins accounted for 44% of Canadian dollar-based order book volume in June, up from 30% a year earlier. Global cross-border stablecoin flows rose 77.5% to $220.3 billion in the year through June.
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