Brazil Leads 2026 Crypto Adoption Index as U.S. Takes Second

Brazil ranked first among 117 countries in the 2026 global crypto adoption index, with the United States second as domestic peer-to-peer transfers and cross-border stablecoin activity expanded.

Brazil’s crypto economy totaled $252.5 billion. The country did not lead any of the four categories — service inflows, domestic peer-to-peer activity, cross-border flows or on-chain balances — but placed among the top four in each.

The United States ranked first in total flows and on-chain balances. It placed 20th in domestic peer-to-peer activity and 11th in cross-border flows, while Nigeria led both of those categories.

Japan, South Korea, India, Ukraine, Thailand, South Africa and Canada completed the top 10.

The global crypto economy declined 1.6% despite a roughly 50% fall in total cryptocurrency market capitalization. Its value fell from $9.5 trillion to $9.4 trillion in the 12 months through June 30, while the market-capitalization decline totaled $2.1 trillion.

The value moving through crypto services, including exchanges and decentralized finance platforms, dropped 4.3% to $8.9 trillion. Domestic peer-to-peer transfers rose 302.9% to $228.7 billion, with stablecoins accounting for 96% of that activity.

Cross-border stablecoin transfers increased 77.5% to $220.3 billion. The average transaction was about $3,000, while transfers below $100 grew 78.4% and transactions between $100 and $1,000 increased 58.6%.

Global on-chain holdings declined from a September 2025 peak of $860 billion to $440 billion. Stablecoin balances remained between $98 billion and $109 billion, representing 22.5% of total on-chain value.