Chainalysis: Cross-border stablecoin flow increased by 77.5%, with high capital concentration still present

Chainalysis data shows that cross-border stablecoin capital flows increased by 77.5% year-on-year. While the overall scale has expanded, the capital flow remains highly concentrated.

Chainalysis identified 4,708 new inter-country transfer paths, but these new paths only carry about 2.64 billion dollars, accounting for a small proportion of the total statistical amount of 220.3 billion dollars, indicating that cross-border flows of stablecoins are still dominated by a few major channels.