[Chainalysis: Since the spring of 2023, stablecoins flowing into the 50 largest crypto services have shifted from U.S.-licensed services to non-U.S.-licensed services] Golden Finance reported that according to Chainalysis’s latest report on North American cryptocurrency activity, stablecoins (90% of which globally Activities are tokens pegged to the U.S. dollar) began losing primary status in North America in February. Between then and June, stablecoins’ share of cryptocurrency trading volume in the region fell from 70.3% to 48.8%. The report stated that since spring 2023, the majority of stablecoin flows into the 50 largest crypto services have shifted from U.S.-licensed services to non-U.S.-licensed services.