Bitrace, the company for compliance with cryptocurrencies, stated that Stablecouins worth $ 649 billion sailed through addresses classified as a high risk in 2024, in accordance with the report of April 29.
Bitter defines High -risk blockchain addresses as those used by illegal entities for receiving, sending or storing Stablecouins.
Cryptographic compatibility companies usually evaluate the addresses of the cryptocurrency portfolio based on their likelihood of involvement in illegal actions. The greater the risk, the higher the foul likelihood and the less likely that cryptographic companies are to accept assets.
According to the report, the amount accounted for about 5.14% of the entire volume of Stablecoin transactions in 2024. This is a 0.8% decrease of 5.94% in the previous year, but much higher than 2.8% reported in 2022 and 1.63% in 2021.
Related: Americans lost USD 9.3 billion for cryptographic fraud in 2024 – FBI
TRON USDT TOPSS High risk transactions
USDT (USDT) based on the throne is dominated by high -risk stablelecoin transactions, and the Bitrace data indicate that over 70% of the volume was transferred on the network. Other high -risk stablelecoin transactions are mainly USDT based on Ethereum and a diminutive amount of USDC (USDC).
The likely explanation of the prevalence of USDT is probably due to its greater market capitalization and adoption compared to other Stablelecoin. At the time of writing this text, Coinmarketcap shows that USDT has a market capitalization of over $ 148 billion, and USDC is over $ 62 billion.
The dissemination of the throne is not so uncomplicated to explain. Ethereum remains a more popular choice for most Stablecoin users, with Defillam showing Stableleins circulating in the network worth almost $ 124.3 billion. The throne ranks second, with about 71 billion dollars – almost 43% less than Ethereum.
Comparing USDT’s balance, the throne maintains slightly more than Ethereum: 47.4% USDT delivery, compared to 45.44% Ethereum.
Related: Tether Stablecoin Emiters and Tron Launch Financial Crime Unit
Cryptographic gambling is going on
Bitrace also announced that in 2024 online gambling platforms processed Stablecouins worth $ 217.8 billion – an augment of $ 17.5% compared to the previous year.
Once again, USDT has also dominated this type of activity. Despite this, the USDC market share is growing rapidly, brings 13.36% in 2024.
The data is followed in recent reports that the cryptographic casinos generated over $ 81 billion in revenues in 2024, even when the regulatory bodies in key jurisdictions continued to block access to platforms, according to the up-to-date report.
Warehouse: Witty cryptographic fraud of the “Chinese mint”, Japan dives in Stablecouins: Asia Express
