Teacher
Professional
- Messages
- 2,670
- Reaction score
- 775
- Points
- 113
TRM Labs experts reported that Tether's stablecoin has become the most popular means of payment for illegal transactions with virtual assets.
Over the past year, 1.6% of the total USDT volume was related to criminal activity, TRM Labs says. The number of addresses associated with the injection of funds into international crime has increased by 125%. The Tron network accounted for 45% of all illegal crypto transactions with the Tether stablecoin.
Ether took the 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 in a year.
Tether representatives claim that TRM Labs "misinterpreted 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, representatives of the UN office announced that Tether coins are increasingly being used for money laundering by criminal groups from Southeast Asian countries.
Earlier, the US Attorney's Office expressed its gratitude to Tether for helping to block USDT stolen by fraudsters and transfer these assets from a non-hosting wallet to law enforcement agencies.
Over the past year, 1.6% of the total USDT volume was related to criminal activity, TRM Labs says. The number of addresses associated with the injection of funds into international crime has increased by 125%. The Tron network accounted for 45% of all illegal crypto transactions with the Tether stablecoin.
Ether took the 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 in a year.
Tether representatives claim that TRM Labs "misinterpreted 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, representatives of the UN office announced that Tether coins are increasingly being used for money laundering by criminal groups from Southeast Asian countries.
Earlier, the US Attorney's Office expressed its gratitude to Tether for helping to block USDT stolen by fraudsters and transfer these assets from a non-hosting wallet to law enforcement agencies.
