The United Nations considers the stablecoin market as one of the channels for money laundering in Asia.
As the Financial Times notes with reference to the UN report, the largest transactions are carried out through Tether. The capitalization of this fiat-backed digital currency is approaching $95 billion.
USDT takes the first place in the rating of stablecoins.
The UN Office on Combating Crime and Drug Trafficking found out that the most popular token among criminal communities is USDT pegged to the U.S. dollar.
The largest scale of money laundering transactions was recorded in the Asia-Pacific region.
In addition, the UN notes that online casinos are often used for money laundering, through which large sums of money also pass.