Canada's Remittances to India, the Philippines, and China Reach $2.36 Billion, U.S. Dominates x402 AI Agent Payments

In 2026, Canada's remittances in stablecoins and Bitcoin to India, the Philippines, and China reached $2.36 billion, a year-on-year increase of 141%, totaling 3.56 million transactions with an average of $663 per transaction. These three countries accounted for 19.4% of Canada's total outflow of cross-border stablecoins, up from 10.9% a year earlier. In transactions using the x402 AI agent service that can be pinpointed to countries, U.S.-funded agents accounted for 30%; in AI model inference transactions, U.S. wallets made up 88.1%. As of the third quarter of 2026, cumulative transactions on Base's x402 reached 138.5 million, compared to 58,800 transactions in the third quarter of 2025.

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