TREE NEWS reports: Chainalysis identified 4,708 new country-to-country stablecoin routes, yet those new corridors carried only $2.64 billion of the $220.3 billion in total measured cross-border flows. The finding indicates that while the number of payment paths is expanding, actual stablecoin volume remains concentrated in a small set of routes.
Cross-Border Stablecoin Flows Jump 77.5% but Remain Concentrated
The gap between route count and route volume is the real story: adding thousands of new corridors did little to dilute where stablecoin value actually moves, suggesting liquidity and trust still cluster around a handful of established paths. That matters for the payments firms and corridors betting on breadth as a proxy for adoption, since a rising route count can mask persistent concentration risk. Whether the new corridors deepen over time, or remain marginal while volume stays clustered, is the open question.
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