TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities i

[sirty143]

TRM Labs Report: Tether’s USDT Was the Go-to Stablecoin for Illicit Activities in 2023

A report issued by TRM Labs indicated that Tether’s USDT, the largest stablecoin in the cryptocurrency industry, was the preferred stablecoin used for illicit transactions during 2023. TRM Labs alleges that 1.6% of USDT’s volume was linked to illicit activity last year... See more for yourself here.

Your opinion is greatly appreciated.

[Charles-Tim]

This is no more new. There were two reports from different organizations about tether used more for illicit activities in 2023. Not just among stablecoins but generally among all cryptocurrencies including bitcoin .

This is one of the reports:
https://www.chainalysis.com/blog/2024-crypto-crime-report-introduction/



Bitcoin illicit transactions declined as bad actors make use of stable coins while tether is the most used stable coin and which should be expecting  tether to be the first among them all and it is