Crypto escrow service platform Xinbi processed $17.9 billion in on-chain transactions following the ban on Telegram, according to a TRM Labs report. The platform's growth is linked to users migrating to alternative messaging services and the introduction of XinbiPay, its associated wallet. On-chain data indicates a resurgence in wallet activity in January 2026 as users adopted the new payment method.
Xinbi Processes $17.9 Billion in Transactions Post-Telegram Ban
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