{"id":24761,"date":"2025-06-18T15:52:08","date_gmt":"2025-06-18T12:52:08","guid":{"rendered":"https:\/\/forklog.com\/en\/analysts-estimate-99-of-stablecoin-transactions-as-legitimate\/"},"modified":"2025-06-18T15:52:08","modified_gmt":"2025-06-18T12:52:08","slug":"analysts-estimate-99-of-stablecoin-transactions-as-legitimate","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/analysts-estimate-99-of-stablecoin-transactions-as-legitimate\/","title":{"rendered":"Analysts Estimate 99% of Stablecoin Transactions as Legitimate"},"content":{"rendered":"<p>Over 99% of stablecoin transactions in 2024 were legitimate, according to a blog by <a href=\"https:\/\/www.trmlabs.com\/resources\/blog\/genius-act-passes-senate-paving-the-way-for-landmark-us-crypto-legislation\">TRM Labs<\/a>.<\/p>\n<p>Despite their predominantly legal use, stablecoins accounted for 60% of illegal transaction volume in the first quarter of 2025. Experts noted their use in money laundering, terrorism financing, and fraud.<\/p>\n<p>TRM Labs highlighted the GENIUS Act, a bill passed by the US Senate, which establishes the country&#8217;s first comprehensive regulatory framework for fiat-backed stablecoins.<\/p>\n<h2 class=\"wp-block-heading\">What Does the Bill Propose?<\/h2>\n<p>The GENIUS Act introduces unified standards for issuers. Key provisions include:<\/p>\n<ul class=\"wp-block-list\">\n<li>dual licensing at both federal and state levels;<\/li>\n<li>mandatory 1:1 backing in highly liquid assets such as US dollars or short-term government bonds;<\/li>\n<li>regular audits and public reporting on reserve composition;<\/li>\n<li>compliance with <span data-descr=\"anti-money laundering rules\" class=\"old_tooltip\">AML<\/span> regulations;<\/li>\n<li>consumer protection measures;<\/li>\n<li>restrictions on algorithmic stablecoins.<\/li>\n<\/ul>\n<p>According to TRM Labs, stablecoins account for over 60% of all cryptocurrency transaction volume, with more than 90% pegged to the US dollar.<\/p>\n<h2 class=\"wp-block-heading\">Next Steps<\/h2>\n<p>The GENIUS Act must be reconciled with the House of Representatives, where an alternative document, the <a href=\"https:\/\/u1f987.com\/en\/news\/us-house-of-representatives-to-vote-on-stablecoin-regulation-bill\">STABLE Act<\/a>, was previously introduced. Both projects share common goals but differ in details.<\/p>\n<p>Lawmakers need to develop a unified version of the document. Once approved by both chambers, it will be sent to the president for signing. If enacted, regulators will begin drafting implementing regulations and licensing procedures.<\/p>\n<p>Back in previous reports, former BitMEX CEO Arthur Hayes and TYMIO founder Georgy Verbitsky <a href=\"https:\/\/u1f987.com\/en\/news\/experts-warn-of-a-stablecoin-bubble\">warned<\/a> of a bubble in the stablecoin market. Experts believe that a successful <a href=\"https:\/\/u1f987.com\/en\/news\/media-usdc-stablecoin-issuer-valued-at-6-9bn-after-ipo\">Circle listing<\/a> could trigger a wave of IPOs from imitator companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Over 99% of stablecoin transactions in 2024 were legitimate, according to a blog by TRM Labs. Despite their predominantly legal use, stablecoins accounted for 60% of illegal transaction volume in the first quarter of 2025. Experts noted their use in money laundering, terrorism financing, and fraud. TRM Labs highlighted the GENIUS Act, a bill passed [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,807],"class_list":["post-24761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-stablecoins"],"aioseo_notices":[],"amp_enabled":true,"views":"63","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=24761"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/24760"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=24761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=24761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=24761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}