A TRM Labs report has dispelled myths about the illicit use of stablecoins, revealing that 99% of stablecoin transactions in 2024 were legal and compliant. The report highlights that over 60% of the transaction volume involved dollar-pegged tokens, emphasizing the traceability of stablecoins on public blockchains. Centralized issuers like USDT and USDC have the capability to freeze tokens linked to illegal activities. The report also notes a 24% decrease in crypto-related crime compared to 2023, with illicit activities accounting for just 0.4% of total crypto transactions, valued at $45 billion. This decline is attributed to improved law enforcement, industry collaboration, and advanced analytics. Regulatory clarity from legislation such as the GENIUS Act is expected to further boost stablecoin adoption, particularly among banks and corporations exploring cross-border payments and programmable finance.