A new report from blockchain analytics firm TRM Labs reveals that 99% of all stablecoin activity in 2024 was licit, marking a significant milestone for the crypto sector’s reputation.
This finding counters long-standing narratives that associate digital assets with illicit financial activity.
Stablecoins Dominate Crypto Transactions
According to TRM, stablecoins now account for over 60% of all crypto transaction volume. The firm highlights their rising adoption across financial sectors, citing traceability and issuer-level control mechanisms—such as the ability to freeze or burn tokens—as key drivers of their credibility.
“Because stablecoins operate on public blockchains, they are often more transparent than cash,” TRM noted, emphasizing their value when paired with advanced blockchain analytics.
Business Adoption Outpaces Peer Use
Research firm Artimas supports TRM’s findings. In a recent report, Artimas noted that business-to-business (B2B) stablecoin transfers have become the largest and fastest-growing segment of the market, overtaking traditional peer-to-peer payments. This shift reflects growing corporate trust in the technology’s efficiency and compliance capabilities.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/99-of-2024-stablecoin-activity-deemed-legitimate/