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China’s P2P stablecoin wallets surge 43x, Korea’s $450B crypto economy: Asia Express

Cointelegraph
byCointelegraph by Andrew Fenton
Thursday, October 8, 2026 at 10:35 PM
China’s P2P stablecoin wallets surge 43x, Korea’s $450B crypto economy: Asia Express

China has seen a massive surge in peer-to-peer stablecoin use, even as bans continue. South Korea’s crypto economy is worth now worth $450B despite exchange profits falling 78%.

China P2P stablecoin wallets grew 43x despite crypto restrictions: Chainalysis The number of unique wallets sending peer-to-peer (P2P) stablecoin transactions in China grew 43-fold between the first… [+6805 chars]
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eng

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Cointelegraph

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business

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4d ago