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Chainalysis says ‘top-tier’ gray market peptide vendors turn to bitcoin and stablecoins

Hex37's read

  • Gray market peptide vendors use crypto for scaling.
  • Bitcoin and stablecoins are preferred by these vendors.
  • Chainalysis report highlights this trend.

What it means for traders

  • Increased BTC and stablecoin adoption by illicit markets may signal demand.
  • Monitor regulatory responses to crypto use in gray markets.

Affected markets

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