• 12/06/2024 10:26

Stablecoin USDT has become the most popular asset of criminals

Experts from TRM Labs reported that Tether’s stable coin has become the most popular means of payment for illegal transactions with virtual assets.

USDT stablecoin has become the most popular asset of criminals

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Over the past year, 1.6% of the total USDT volume was related to criminal activities, TRM Labs assures.

The number of addresses associated with the injection of funds into international crime increased by 125%.

The Tron network accounted for 45% of all illegal crypto transactions with the Tether stablecoin.

Ether took second position in the list with an indicator of 24%, Bitcoin was in third place with 18%.

The monetary volume of Tether stablecoins associated with illegal transactions reached $19.3 billion over the year. Tether representatives claim that TRM Labs “made a mistake interpretation of the data.”

Moreover, the amount involved in illegal transactions may change, including in the direction of increase.


The issuer of the most popular stablecoin has already faced accusations of too active use of USDT by criminals.

In January, UN officials announced that Tether coins are increasingly being used by criminal groups from Southeast Asian countries to launder funds.


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