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China’s P2P stablecoin wallets surge 43x, Korea’s $450B… · Nvdium

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China’s P2P stablecoin wallets surge 43x, Korea’s $450B crypto economy: Asia Express

CCointelegraph by Andrew Fenton·CointelegraphPublished Oct 9, 2026, 06:45 AM

China’s P2P stablecoin wallets surge 43x, Korea’s $450B crypto economy: Asia Express cover image

What happened

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.

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