CoinVoice has learned that, according to The Block, a new report from crypto analytics firm TRM Labs shows that 99% of stablecoin transactions in 2024 are for legitimate purposes.
Currently, stablecoins account for over 60% of the total cryptocurrency transaction volume, with inter-business transfers being the largest and fastest-growing use case. TRM Labs indicates that stablecoins operate on public chains and, combined with advanced blockchain analysis technologies, offer traceability, are more transparent than cash, and allow issuers to 'freeze' or 'destroy' illegal proceeds.
However, TRM also stated that stablecoins account for 60% of the illegal transaction volume within the entire crypto ecosystem. In its Q1 2025 crypto crime report, it was found that despite the rising attention on privacy coins, stablecoins remain the asset choice for illegal activities such as financing terrorism. [Original link]
