According to the latest industry data analysis, the vast majority of stablecoin transactions in 2024 ( up to 99% ) be used for legitimate activities. At present, stablecoins have accounted for more than 60% of the total trading volume of the cryptocurrency market, and inter-business transfers have become the most important and fastest-growing application scenario.

Research shows that the characteristics of stablecoins operating on public blockchains, combined with advanced blockchain analysis technologies, provide them with transparency and traceability that surpass traditional cash. It is worth noting that stablecoin issuers have the ability to freeze or destroy illegal funds, further enhancing their security.

However, the data also reveals a concerning phenomenon: stablecoins account for as much as 60% of illegal transactions in the crypto ecosystem. Although public attention often focuses on privacy coins, in reality, stablecoins remain the preferred asset in certain illegal activities, including terrorism financing. This contradictory phenomenon reflects the dual nature of stablecoins as a bridge between crypto assets and traditional finance.