Despite ongoing bans, China has seen a big surge in peer-to-peer stablecoin use. New figures show South Korea’s $450B crypto economy is the largest in East Asia... .
Binance has launched a P2P merchant referral campaign across around 20 African markets ...The exchange launched a new P2P referral campaign Thursday offering 50 USDT to both the referrer and a qualifying new merchant.
Do the crypto rules and trading across East Asia match? ...Source ... Domestic P2P transfers made up 59.1% of China’s total crypto activity, about 3.5 times their share a year earlier, with one month, March 2026, adding $4.9 billion on its own ... ....
This P2P structure distinguishes China from neighboring markets, as most crypto economies depend heavily on regulated exchanges and other centralized services, while China’s restrictions have pushed more activity toward direct wallet transfers ... ....
Unique wallets sending P2P stablecoin transactions in China grew 43-fold between Q1 2024 and Q2 2026 as crypto activity increasingly shifted toward direct wallet-to-wallet transfers ... .
TL;DR. Chainalysis says measured global crypto economic activity declined just 1.6% during the 12 months ended June 30, 2026 ... Stablecoins And P2PActivityKeptMoving. That gap between price and activity is the interesting part ... .