FATF publishes a targeted report on stablecoins and unhosted wallets, warning that these fast-growing crypto tools, facilitating over 80% of criminal virtual asset transactions, are fueling global ML/TF risks

The report highlights the rapid growth of stablecoins—over 250 in circulation with a market value exceeding USD 300 billion by mid‑2025—and their increasing use in illicit finance, accounting for roughly 84% of illicit virtual asset transaction volumes, often via unhosted wallets that bypass regulatory oversight. Their price stability, liquidity, and interoperability make them attractive for legitimate use but also for ML…