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99% of 2024 Stablecoin Activity Deemed Legitimate

  • 99% of stablecoin activity in 2024 has been deemed legitimate, countering long-standing narratives linking digital assets with illicit financial activity.
  • Stablecoins currently make up over 60% of all cryptocurrency transaction volume, indicating their increasing adoption across financial sectors.
  • TRM highlights traceability and issuer-level control mechanisms of stablecoins, like the ability to freeze or burn tokens, as factors contributing to their credibility.
  • The transparency of stablecoins on public blockchains is emphasized by TRM, particularly in conjunction with advanced blockchain analytics.
  • Research firm Artimas supports TRM's findings, noting that business-to-business stablecoin transfers have become the largest and fastest-growing segment of the market, overtaking traditional peer-to-peer payments.
  • This shift signifies increasing corporate trust in the efficiency and compliance capabilities of stablecoin technology.

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