Chainalysis Data Shows US Hoarding Bitcoin While Rest of World Buys Dollar Stablecoins

Chainalysis data from the 2026 Geography of Crypto report covering the 12 months to July 1 indicates the US is becoming a net Bitcoin importer for the first time since 2022, scoring 0.96 against 0.52 elsewhere. Conversely, the rest of the world scored 1.00 in stablecoin adoption versus 0.56 in the US. Chainalysis attributes this split to differing needs: Americans hold dollars, while global users seek dollar-pegged stablecoins without US bank accounts. Institutional inflows, particularly those above $10 million, brought in 53,200 BTC, while retail transfers under $10,000 left the US on net each period.