Peer-to-peer transfers made up 59.1% of activity from July 2025 through June 2026, but the estimate does not show how much funded purchases of goods or services.
China ranked 12th overall among 117 countries despite bans on domestic virtual currency exchanges and trading. Nigeria ranked first in domestic peer-to-peer activity.
Activity totaled about $9.4 trillion in the year ended June 30, while domestic peer-to-peer transfers and cross-border stablecoin flows posted sharp gains.