Chainalysis: Stablecoins Dominate Illicit Crypto Transactions in 2024

Chainalysis: Stablecoins Dominate Illicit Crypto Transactions in 2024

According to the 2025 Crypto Crime Report by blockchain analytics company Chainalysis, stablecoins accounted for 63% of all illicit cryptocurrency activity in 2024 and led illicit cryptocurrency transactions. This is a continuation of a pattern that started in 2022, when stablecoins overtook Bitcoin as the cryptocurrency most frequently used for illicit purposes. With stablecoins accounting for 77% of the year-over-year increase in total...

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