Chainalysis: USDC-led stablecoins take 44% of Canadian dollar crypto volume

Stablecoins now outpace store-of-value assets in CAD order books as remittance flows from Canada surge Canadians trading crypto with their own dollars are increasingly buying something designed not to move. By June 2026, stablecoins accounted for 44% of Canadian dollar crypto order book volume, according to Chainalysis. A year earlier, that share was 30%. The coin doing most of the work is USDC , a token pegged to the US dollar. The findings come from Chainalysis’s 2026 North America Crypto Adoption report, released in mid-October 2026. The headline figure is the 14-percentage-point jump in stablecoin share over twelve months. That growth pushed stablecoins past traditional store-of-value assets, which made up only 29% of CAD order book volume. Within the stablecoin category, USDC dominated.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.