TechFlow News, February 19: According to a report by CoinDesk, TRM Labs’ latest report shows that the total stablecoin transaction volume in 2025 reached at least $35 trillion (a nearly 20% increase from $27.5 trillion in 2024), with illicit activity accounting for less than 0.5% (approximately 0.4%).
- Illicit entities received approximately $14.1 billion via stablecoins—the highest amount in five years—primarily concentrated in sanctions evasion and large-scale money laundering networks.
- Sanctions-related activity accounted for 86% of all illicit crypto flows; the ruble-pegged stablecoin A7A5, linked to Russia, processed $7.2 billion in illicit inflows—dominating this category.
- Although the absolute value of illicit transactions rose, its share declined, reflecting explosive growth in legitimate use cases (e.g., payments and settlements): monthly stablecoin transaction volumes exceeded $1 trillion multiple times in 2025.
- TRM emphasized that stablecoins have become core infrastructure, while illicit activity remains highly concentrated within specific networks (e.g., the A7A5 ecosystem); mainstream stablecoins such as USDT and USDC exhibit extremely low illicit proportions.
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