TRM Labs: 99% of stablecoin transactions in 2024 will be used for legitimate purposes

According to The Block, the latest report from crypto analysis company TRM Labs shows that 99% of stablecoin transactions in 2024 will be used for legitimate purposes. Currently, stablecoins account for over 60% of the total cryptocurrency trading volume, and inter enterprise transfers have become its largest and fastest-growing usage scenario. TRM Labs pointed out that stablecoins run on public chains, combined with advanced blockchain analysis technology, have traceability, are more transparent than cash, and issuers can "freeze" or "destroy" illegal gains. However, TRM also stated that stablecoins account for 60% of the illegal transactions in the entire cryptocurrency ecosystem. In its Q1 2025 Cryptocurrency Crime Report, it was found that despite the increasing attention to privacy coins, stablecoins remain an asset choice for illegal activities such as terrorism financing.