TRM Labs Reveals Concentrated Illicit Networks as Stablecoins Exceed $1 Trillion Monthly Volume
TRM Labs finds stablecoin volumes topped $1 trillion monthly in 2025 and illicit flows are highly concentrated. TRM Labs published an analysis showing stablecoin activity repeatedly exceeded $1 trillion monthly in 2025 while illicit entities received approximately $141 billion via stablecoin wallets, with $72 billion linked to the A7A5 token and sanctions‑related activity accounting for […]
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