A new report by blockchain compliance firm Bitrace has revealed that $649 billion in stablecoin transactions passed through high-risk addresses in 2024.
The figure accounts for slightly more than 5% of all stablecoin activity for that year, which, while a slight decline from 2023’s numbers, remains alarmingly higher than levels seen in 2021 and 2022.
The Dominance of USDT and the Rise of USDC in Illicit Activity
At the heart of the Bitrace findings is a detailed breakdown of illegal activity across platforms based on Ethereum and Tron, where stablecoins such as Tether’s USDT and Circle’s USDC are dominant.
According to the report, USDT on TRON maintained its grip as the main vehicle for risky transfers, with Ethereum-based stablecoins also seeing increased activity. Much of the alleged misuse stemmed from the booming online gambling industry, which processed $217.8 billion in stablecoin inflows in 2024. This was a 17.5% increase from the previous year.
Fraud-related inflows also
We współpracy z: https://cryptopotato.com/bitrace-report-flags-649b-in-risky-stablecoin-flows/
