Stablecoins Overtake Bitcoin in Illicit Crypto Transactions

Key Takeaways

Stablecoins surpassed Bitcoin as the preferred currency for illegal cryptocurrency transactions in 2022 and 2023.
The increase in illicit stablecoin transactions aligns with their growing overall use, while traditional crimes like darknet sales still favor Bitcoin.
There’s been a significant reduction in revenues from crypto hacks and scams, indicating improved blockchain security and changing crime patterns in the crypto space.

Leave a Comment