North America’s Crypto Economy: AI, Stablecoins and Tokenization

Chainalysis estimates North America’s crypto economy at $3.02 trillion in the 12 months to 1 July 2026, keeping it among the world’s most influential crypto markets. The US accounted for $2.78 trillion, although its activity fell 2.2% year on year. Canada’s crypto economy grew 2.3% to more than $247.7 billion. The latest findings add detail on the region’s role in building crypto infrastructure. Base processed more than 138 million x402 transactions, up from about 1,500 at the start of the period; the protocol supports automated, low-value payments between software agents. The US accounted for 30% of agent-to-service transactions. Repeat wallet funding also increased: 89.3% of wallets first funded in Q2 2026 received another top-up within 30 days, compared with 70.6% for wallets first funded in Q3 2025. Tokenized assets reached an estimated $36.07 billion at the end of Q2, including $15.42 billion in tokenized US Treasuries, while US holders represented 11.7% of global tokenized real-world asset holders. Dollar-pegged stablecoins made up 99.1% of stablecoin order-book volume. Canada ranked first globally in cross-border stablecoin flows, with transfers to India, China and the Philippines reaching $2.36 billion, up 141% year on year. The report also says the US became a net importer of bitcoin for the first time since 2022. Overall, North America’s crypto economy remains a major source of payment and tokenization infrastructure, even as users and demand increasingly extend beyond the region.