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Stablecoin-Related Illicit Activity Reaches Highest Level in Five Years in 2025
Illicit Stablecoin Flows Reach Five‑Year Peak in 2025, Says TRM Labs
Stablecoin transfers to sanctioned and high‑risk actors totalled roughly $141 billion in 2025 – the highest level recorded since 2020.
Summary
Blockchain analytics firm TRM Labs estimates that illicit entities moved about $141 billion via stablecoins in 2025, a five‑year high.
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