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Stablecoins account for over 60% of encryption volume, and 99% of application scenarios are legal.
[Chain News] On June 17, it was reported that 99% of stablecoin transactions are for legitimate purposes. Currently, stablecoins account for over 60% of the total volume of Crypto Assets transactions, with inter-company transfers being the largest and fastest-growing use case. Relevant analysis indicates that stablecoins operate on public chains, combined with advanced Blockchain analysis technology, have Traceability, are more transparent than cash, and the issuers can “freeze” or “destroy” illegal proceeds. However, there are also reports stating that stablecoins account for 60% of the illegal transaction volume in the entire Crypto Assets ecosystem. In the first quarter 2025 crypto crime report, it was also found that while the follow of Privacy Coins is rising, stablecoins remain a choice of assets for illegal activities such as terrorism financing.