Cross-Border Stablecoin Flows Jump 77.5% but Remain Concentrated
Cross-border stablecoin transfers reached $220.3 billion in the 12 months through June 2026, up from $124.2 billion the year before. The flow of these transfers was also concentrated in a small share of routes, with most measured value moving through the busiest quarter of country pairs.
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Users and firms moving stablecoins across borders will notice that the measured market is larger than a year earlier, and that the activity is not spread evenly across many routes. The concentration in the busiest quarter of country pairs means a small set of corridors carries most of the measured value today.
In practice, cross-border stablecoin movement is still possible, and the reported data shows it is happening at a much higher monthly level than at the start of 2025. What stands out is that the overall total and the monthly figures are both higher, while the route mix remains skewed toward a limited set of countries.
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Where this sits in the Bitcoin series
| When | What happened | Figure |
|---|---|---|
| 1.0 years ago | BTC a 1.152e+05 $ high | today it sits -29.2 % from there |
| 4 months ago | BTC a 5.857e+04 $ low | today it sits +39.3 % from there |
From what we have stored, starting 1.0 years ago.