Stablecoin cross-border flows jump 78% as crypto market shrinks 37%

The divergence matters more than either number: stablecoin rails are being used for payments and savings even as speculative crypto activity contracts, which suggests utility-driven demand rather than sentiment-driven flows. Chainalysis's attribution to trade, remittances and savings points to users treating these tokens as settlement infrastructure, not trading instruments. The open question is whether this cross-border growth persists independently of the wider market, or whether it reflects users routing around instability elsewhere.