The three largest stablecoin flow corridors of 2025 were Taiwan to Turkey, Taiwan to Indonesia and Turkey to Indonesia, carrying around 13% of all stablecoin cross-border volume between them. Mexico, Ukraine and South Korea also rank near the top for outbound stablecoin flow, and are largely not the leading markets for outbound fiat. FXC attributes the pattern to two conditions: FX, inflation and capital-control stress in Turkey, Ukraine, Mexico and Indonesia, and deep crypto-trading ecosystems in Taiwan and South Korea. Remittances run US to Mexico. On that corridor stablecoin flow runs the other way, which suggests demand for dollars rather than remittance. Indexed against fiat weight, stablecoin B2C runs at 5.3x in APAC, 3.5x in EMEA and 1.4x in the Americas. FXC Intelligence research with onchain data from Allium. Figures are estimates. Informational only, not investment advice. Full report: