Bitrace Report Reveals $649B in Risky Stablecoin Activity: A Breakdown of Illicit Flows

A new report from blockchain compliance firm Bitrace has revealed a concerning trend in the stablecoin landscape. The analysis indicates that **over $649 billion** flowed through high-risk addresses in 2024, representing nearly 5% of all stablecoin transactions for the year. This figure marks a slight decline from 2023 but continues to signal an alarmingly significant level of illicit activity.