Gray-Market Peptide Suppliers Increase Bitcoin and Stablecoin Use, Q1 Crypto Inflows Hit $32M

BTC-0.85%

According to Chainalysis, cryptocurrency inflows to gray-market peptide product suppliers reached $32 million in Q1 2026, a 159% increase from the prior quarter. The annualized run rate now exceeds $100 million, with top suppliers primarily relying on Bitcoin and stablecoins for transactions.

Among suppliers with average deposits exceeding $1,000, stablecoin adoption has notably increased, likely to mitigate exposure to cryptocurrency market volatility in large-scale supply chain orders, Chainalysis noted.

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