• Illicit stablecoin activity hit 5-year high of $141B in 2025: TRM Labs Sanctions evasion networks, guarantee marketplaces, and large-scale money laundering schemes dominated illi
• TL;DR - Darknet market activity remains resilient, with aggregate DNM flows reaching nearly $2.6 billion in 2025, underscoring the persistence of crypto-enabled drug markets desp
• Illicit networks accounted for $141 billion of the trillions of stablecoin volume in 2025 Sanctions-related activity accounted for 86% of illicit crypto flows last year, with mos
• Stablecoin volume reached $35 trillion in 2025 as illicit share stays below 0.5% Even as sanctions-linked networks drove $141 billion in illicit stablecoin flows last year, TRM d