Stablecoin flow by country or region| ��ƽ��

Estimated value of stablecoin transaction inflows and outflows in 25 countries and territories worldwide as of September 2024 (in billion U.S. dollars)

Characteristic	Inflow	Outflow
United States (U.S.)	32.94	33.34
India	11.33	11.48
Russia	9.52	9.69
United Kingdom (UK)	7.98	8.05
Ukraine	6.85	6.93
Brazil	6.06	5.68
South Korea	5.91	5.98
Turkey	5.74	5.84
Germany	4.69	4.76
Vietnam	4.55	4.63
Indonesia	3.46	3.52
France	3.22	3.27
Thailand	2.74	2.75
Singapore	2.7	2.73
Canada	2.69	2.91
Pakistan	2.68	2.73
Argentina	2.57	2.61
Spain	2.4	2.42
Nigeria	2.38	2.4
Netherlands	2.21	2.24
Poland	2.18	2.21
Japan	2.16	2.2
Hong Kong SAR	2.15	2.18
Australia	1.91	1.94
Taiwan	1.85	1.87

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Sources

Release date

February 2026

More information

Region

Worldwide

Survey time period

February 2026

Special properties

Wallets belonging to platforms and smart contracts; Represents 20–60% of all stablecoin transfers.

Supplementary notes

The source states that all figures shown are both proxy estimates and are unlikely to represent the entire stablecoin market. It specifically writes that the numbers are "only a portion of all stablecoin transfers (20–60%, depending on the considered time, asset, blockchain network and other settings)".

The source continues that "these estimates leverage 1) data on the stablecoin transfer activity of the identified wallets belonging to service entities (platforms and smart contracts) with a web presence and 2) the analysis of web traffic to the websites of these service entities."

The source shared its methodology .

Citation formats

Stablecoin inflows and outflows are higher in the United States than in other countries in the world. This is according to proxy estimates released in February 2026 on stablecoin transactions made in September 2024. Note that any stablecoin figure comes with major caveats. It is difficult for sources to identify the country of origin as well as destination of a stablecoin transaction. This comes on top of identifying whether the transaction is a payment between individuals or, for example, a bot using stablecoin in a cryptocurrency trade. Nevertheless, stablecoins take up a considerable market share within the overall crypto market. Within the payments industry, they are seen as a tool to improve cross-border payments.