Figures shared by blockchain analytics agency Chainalysis present that Canada’s crypto economic system jumped greater than 2% within the 12 months to June 2026.
On the similar time, the US economic system contracted by an nearly comparable proportion, with the divergence coming at a time when Canadian merchants are transferring extra towards stablecoins, and dollar-pegged tokens making up a bigger portion of order-book quantity than belongings purchased primarily to retailer worth.
Stablecoins Take the Largest Share of Canadian Crypto Buying and selling
In its submit, Chainalysis reported that the worldwide crypto economic system shrank 1.6% throughout the identical interval. Canada moved in the wrong way, with the agency describing it because the second-largest nation in its “massive cash index” and rating it tenth amongst 117 nations in its grassroots adoption index.
In line with the agency, Canada’s share of that market grew 2.3% to $247.7 billion, whereas the US’s dropped by 2.2%. On a regular basis use seems to be a part of the Canadian image. Chainalysis described the nation as having the strongest peer-to-peer crypto economic system within the Group of Seven, though the figures shared didn’t present a transaction complete for that exercise.
The composition of Canadian buying and selling has additionally modified. Stablecoins accounted for 44% of crypto order-book quantity in June 2026, up from 30% a 12 months earlier, based on a separate Chainalysis submit. That put them forward of store-of-value belongings, which accounted for 29%.
USDC dominated the stablecoin class, the agency added. Sensible contract layer-1 belongings made up 17% of the tracked quantity, whereas payment-focused cryptocurrencies accounted for 8%. Meme cash, layer-2 tokens and different belongings collectively represented the remaining 2%.
Greenback Tokens Acquire Floor as US Crypto Flows Shift
The Canadian figures come amid a broader geographic break up in crypto exercise, with Chainalysis discovering that the US had develop into a web importer of Bitcoin in 2026 for the primary time since 2022, whereas dollar-backed stablecoins continued to move overseas.
“Stablecoins let customers maintain {dollars} with out having a US checking account. US customers usually have simpler entry to greenback banking, making that profit much less urgent at residence,” it defined.
The report discovered that transfers under $10,000 remained web outbound from the US, whereas bigger transactions moved in the wrong way. Transfers value greater than $10 million accounted for 53,200 BTC flowing into the nation.
Chainalysis additionally reported that 99.1% of world stablecoin order-book quantity was tied to the US greenback. Its figures for tokenized real-world belongings present additional context, with the market rising 135% to $36.07 billion within the interval ending within the second quarter of 2026, and tokenized US Treasuries reaching $15.42 billion.
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