How Stablecoins Became the New Face of Crypto Crime
Stablecoins, once seen as a reliable asset in the crypto market, have become the most-used currency for illicit activities, accounting for 63% of all criminal transactions in 2024, according to Chainalysis’ 2025 Crypto Crime Report.
Their liquidity, ease of use, and ability to bypass traditional banking systems have made them attractive for illegal purposes, particularly in regions facing sanctions. Countries like Russia reportedly utilize stablecoins to navigate banking restrictions and facilitate international transactions, exploiting blockchain’s pseudonymity to conceal fund origins.
Illicit crypto transactions reached $40.9 billion in 2024, with estimates suggesting this figure could climb to $51.3 billion as…
