Chainalysis: Stablecoins Still Dominate Illegal Transactions in 2024, Accounting for 63% of Crypto Crime Transaction Volume

ChainCatcher news, blockchain analysis company Chainalysis stated that stablecoins continue to dominate the illegal trading volume in 2024.

Chainalysis's 2025 Crypto Crime Report indicates that stablecoins accounted for 63% of all crypto trading volume related to illegal activities last year.

Since 2022, stablecoins have surpassed Bitcoin to become the most used cryptocurrency in such activities. The report states: "This new reality is part of a broader ecosystem trend, where stablecoins also account for a significant portion of all crypto activity, with stablecoin activity growing by approximately 77% year-over-year, which proves this point."