Stablecoins Account for 63% of Cryptocurrency-related Criminal Transactions in 2024, According to Chainalysis Report
According to ChainCatcher, the blockchain intelligence firm Chainalysis has reported that stablecoins have retained their position as the predominant currency for illicit trade volume in 2024.
The 2025 Crypto Crime Report by Chainalysis reveals that 63% of the cryptocurrency trading volume associated with illegal transactions within the last year was in stablecoins.
Since overtaking Bitcoin in 2022, stablecoins have become the cryptocurrency of choice for illicit dealings. The report explains, “We’re witnessing a shift within the larger crypto ecosystem, underscored by the burgeoning presence of stablecoins in crypto transactions. With year-over-year growth of approximately 77% in stablecoin transactions, the trend is clearly demonstrated.”
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