TRM Labs: 99% of Stablecoin Activity Last Year Was Legitimate Transactions

According to the latest report released by cryptocurrency analytics firm TRM Labs on Tuesday, 99% of stablecoin transaction activity in 2024 is “legitimate.” Given that TRM also claims stablecoins currently account for over 60% of all cryptocurrency trading volume, this is particularly noteworthy, suggesting that the association between cryptocurrencies and criminal activity has at least been somewhat exaggerated. It is reported that one of the most comprehensive stablecoin legislations in the United States to date, the GENIUS Act, will be submitted to the Senate for review on Tuesday and is expected to pass.