Chainalysis says ‘top-tier’ gray market peptide vendors turn to bitcoin and stablecoins
60-second summary
Chainalysis reports that top-tier gray market peptide vendors are increasingly turning to bitcoin and stablecoins to facilitate their illicit trade, citing cryptocurrency as the backbone for scaling their operations. This trend is expected to continue, with Chainalysis noting that the use of cryptocurrency enables vendors to operate anonymously and avoid detection by law enforcement.
“To scale, the gray-market peptide trade adopted cryptocurrency as its backbone,” Chainalysis said in a report.