A Bitrace report reveals that $649 billion in stablecoins, representing 5.14% of all stablecoin transactions, flowed through high-risk addresses associated with illicit activities in 2024. The report highlights trends in stablecoin usage for illicit purposes, focusing on the dominance of Tron-based USDT and the rise of crypto gambling.
Tag: Stablecoin
Maximize Stablecoin Yields: A Deep Dive into Trust Wallet’s Innovative Approach
Unlock the potential of your idle stablecoins with Trust Wallet’s new feature, designed to seamlessly generate yield within a secure, user-friendly environment. Learn how Eowyn Chen, CEO of Trust Wallet, is revolutionizing DeFi accessibility.
Beyond the Dollar: Tokenized Assets Challenge US Dollar Stablecoin Dominance
Tether co-founder Reeve Collins predicts tokenized assets like gold and money market funds will compete with the US dollar in backing stablecoins, offering users higher yields and reshaping the future of the stablecoin market.
Abu Dhabi Pioneers Dirham-Pegged Stablecoin: A Deep Dive
Abu Dhabi’s leading institutions are collaborating to launch a dirham-backed stablecoin, aiming to revolutionize the UAE’s digital economy and position the nation as a blockchain innovation hub.
Blockchain: The Backbone of a Parallel Economy Amid Trade Wars and Sanctions
Explore how blockchain technology, tokenization, and stablecoins are reshaping global trade in response to tariffs and sanctions, creating a resilient and transparent parallel economy.