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flag Russia and Iran use stablecoins to bypass sanctions, with a surge in illicit crypto activity led by state actors.

flag Russia and Iran are increasingly using cryptocurrencies, particularly stablecoins, to evade international sanctions, a Chainalysis report reveals. flag Sanctioned entities saw a 694% surge in crypto inflows over the past year, with nation-states now leading illicit crypto activity. flag Russia launched a ruble-backed stablecoin, A7A5, which processed $93 billion in transactions within a year. flag Iran’s Revolutionary Guard and allied groups facilitated over $2 billion in illicit activity, including funding for terrorist organizations. flag Stablecoins make up 84% of illicit transactions due to their stability and ease of cross-border use. flag Despite the rise in state-linked crime, less than 1% of all crypto transactions involve criminal activity.

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