CoinMeta data: According to Chainalysis data, cross-border stablecoin capital flows have increased by 77.5% year-on-year. Although 4,708 new inter-country transfer routes have been identified, these routes only account for $2.64 billion, which is a small proportion of the total statistic of $220.3 billion. Cross-border stablecoin flows are dominated by a few major channels.