China's P2P stablecoin wallets grow 43-fold as Stripe expands stablecoin cards

According to Chainalysis, the number of unique wallets sending stablecoins — crypto tokens pegged to the dollar — directly between users in China grew 43-fold from early 2024 to the second quarter of 2026, despite the country's crypto restrictions.

Meanwhile payments company Stripe plans to expand its stablecoin cards to more than 100 countries by year-end and is exploring tokenized deposits and DeFi use cases.

For beginners Stablecoins let users send and store dollar-pegged value directly between wallets, bypassing traditional banks and exchanges — a feature especially useful where crypto access is restricted.