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Home»BLOCKCHAIN NEWS»$ 649B Stablecoin transmission connected to illegal activities in 2024: Report
BLOCKCHAIN NEWS

$ 649B Stablecoin transmission connected to illegal activities in 2024: Report

By Crypto FlexsApril 29, 20252 Mins Read
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$ 649B Stablecoin transmission connected to illegal activities in 2024: Report
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According to the April 29 report, Cryptocurrency Compliance FIRM Bitrace found that in 2024, a high -risk address is a $ 64.9 billion stablecoins.

Bitrace defines high -risk blockchain addresses in illegal institutions to receive, transmit or store stablecoin.

The encryption compliance company usually evaluates the Crypto wallet address according to the possibility of participating in illegal activities. The higher the risk, the less likely to play foul play and less likely to be able to observe the encryption business.

According to the report, this amount accounted for about 5.14%of all stablecoin transactions in 2024. This was 0.8%from 5.94%in the previous year, but it is much higher than 2.8%reported in 2022 and 1.63%in 2021.

The percentage of high -risk stable coin transactions. source: violent

relevant: In 2024 Americans lost 9.3b by encryption fraud -FBI

TRON USDT is a high -risk transaction

TRON -based USDT (USDT) dominates high -risk stable coin transactions, and bit race data indicates that more than 70% of the volume has moved from the network. The remaining high -risk stabiles are mostly ETARIM -based USDT and a small amount of USDC (USDC).

The description of the prevalence of USDT may be due to the higher market cap compared to other Stablecoins. At the time of writing, CoinmarketCap has a USDT market cap of more than $ 148 billion, while USDC exceeds $ 62 billion.

The prevalence of Tron is not easy to explain. Ethereum remains the most popular choice for most Stablecoin users, and Defillama shows almost $ 124.3 billion stablecoins circulating on the network. TRON is second, about $ 71 billion, almost 43% less than Ether Leeum.

When comparing the USDT balance, TRON has slightly more than 45.44%of Ethereum and 47.4%of USDT supply.

Inflow of high -risk by stablecoin type. source: Boot

relevant: TETHER Stablecoin publishers and TRON start the financial crime department.

Encryption gambling continues to increase

Bitrace also reported that in 2024, online gambling platforms have handled $ 217 billion worth of Stablecoins, up 17.5% year -on -year.

Once again, USDT also dominated this type of activity. Nevertheless, USDC’s market share is rapidly increasing to 13.36%in 2024.

Stablecoin flowing into the gambling platform. source: Boot

According to the new report, recent data is that encryption casinos generated more than $ 81 billion in 2024.

magazine: Foolish ‘Chinese Mint’ cryptocurrency, Japan dives with Stablecoins: Asia Express