Crypto Myths Busted: 99% of Stablecoin Use Is Legit, States Research Study
TL; DR 99% of stablecoin deals in 2024 were legal, in a market where they already represent over 60% of total crypto volume. The GENIUS Act is moving on in the U.S. Senate with clear guidelines for providers, licenses, audits, and anti-money laundering controls. Business-to-business transfers have actually surpassed peer-to-peer deals and now comprise the … Find out more
TL; DR 99% of stablecoin transactions in 2024 were legal, in a market where they already account for over 60% of total crypto volume. The GENIUS Act is moving forward in the U.S. Senate with clear guidelines for issuers, licenses, audits, and anti-money laundering controls. Business-to-business transfers have overtaken peer-to-peer transactions and now make up the fastest-growing section in stablecoin activity. Stablecoin usage continues to surge, and the newest information from TRM Labs confirms a shift in their public perception. According to its most current report, 99% of stablecoin operations in 2024 were legal. It has bipartisan assistance and backing from President Donald Trump, who intends to sign it into law this summer. Businesses Dominate Stablecoin Transfers Other analytics companies have also determined modifications in how stablecoins are utilized. The finding strengthens the concept that these possessions have actually moved beyond being a niche tool and are now extensively adopted by business and financial services. Despite this brand-new legitimacy, stablecoins still account for 60% of illegal deal volume within the crypto ecosystem.
