Crypto’s rougher year didn’t prevent stablecoins from pushing deeper into cross-border payment rails. According to Chainalysis’ 2026 Global Crypto Adoption Index, stablecoin transfers across countries climbed to $220.3 billion in the 12 months ending June 2026, up 77.5% from $124.2 billion in the prior 12-month period—even as total global crypto market capitalization fell 37% to $2.1 trillion.