Canada crypto remittances to Asian countries surge 141% to $2.36B: Chainalysis
Summary
Crypto transfers from Canada to India, China and the Philippines rose 141% year over year to $2.36 billion, across 3.56 million transactions in the year to June 2026. Chainalysis says Canada ranks as the G7’s strongest peer-to-peer crypto economy, with a large foreign-born population and the cost of traditional remittances among possible adoption drivers. Stablecoins made up 44% of Canadian-dollar order-book volume in June, up from 30% a year earlier. Canada-to-Philippines transfers reached $61.02 million. The report notes that blockchain fees exclude currency conversion and cash-out costs, and that links between domestic P2P activity and temporary visa-holder numbers are correlational, not proof of causation.
