India, China and the Philippines Received 19.4% of Canada’s Stablecoin Outflows

India, China and the Philippines accounted for 19.4% of Canada’s outbound cross-border stablecoin value in the 12 months ending June 2026, nearly double their combined share a year earlier.

Their share rose from 10.9% in the previous 12-month period. The figure covers those three destinations, not all of Asia.

A separate measure of remittance-sized Bitcoin and stablecoin transfers from Canada to the three countries totaled $2.36 billion, up 141% from a year earlier. Those transfers averaged $663.

Across the broader cross-border stablecoin tally, transfers reached $220.3 billion in the 12 months ending June 2026, an increase of 77.5%. They averaged about $3,000, distinct from the $663 average for the Canada-to-three-country remittance-sized transfers. The broader cross-border stablecoin figures cover a different group of transfers.