Remittance-sized crypto transfers from Canada to three Asian countries reached $2.36 billion, while transfers to the Philippines alone rose 28% to $61 million.
Remittance-sized crypto transfers from Canada to India, China and the Philippines surged 141% year-over-year to $2.36 billion, as digital asset payments expanded across the three major remittance corridors.
According to a new Chainalysis report, the three countries accounted for 194% of Canada’s outbound cross-border stablecoin value, up from 10.9% in the previous year. Transfers totaled 3.56 million transactions in the 12 months ending June 2026, averaging $663 per transaction.
Referring to additional data shared with Cointelegraph, Chainalysis head of research Eric Jardine said Canada-to-Philippines crypto remittances alone reached $61.02 million across 73,564 transactions, up 28% and 34.7%. The analysis covers Bitcoin and stablecoins above $10,000 to and from personal wallets.
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