Cross-border stablecoin flows surged 78% during the reporting period, reaching $2.64 billion across 4,708 new corridors, according to Chainalysis data. Flows remained heavily concentrated, with the top quartile of corridors accounting for 96.1% of measurable cross-border stablecoin value, while the remaining three quarters reached $8.66 billion, up from $260 million previously. In Asia, stablecoins address fragmented payment systems, whereas in Latin America, Africa and the Middle East, they serve dollar access and protection against inflation and capital controls. Traditional remittance companies like Western Union and MoneyGram expanded their stablecoin offerings this year, across 37 markets and in Colombia respectively, but challenges remain around local currency conversion, regulatory compliance and interoperability with existing banking rails.
Source: Read the original article
