Tether Partners With Chainalysis for USDT Monitoring –

Tether and Chainalysis have partnered to strengthen security and compliance in the cryptocurrency space, especially with regard to USDT transactions.

Tether CEO Paolo Ardoino emphasized the importance of this. collaboration Chainaloss said this is an important move in its continued efforts to promote transparency and security in the cryptocurrency industry.

Through their collaboration, the two companies aim to develop a customized surveillance system to monitor secondary market activity and strengthen Tether’s commitment to transparency and integrity.

Key features include sanctions monitoring, USDT ownership classification, top wallet transaction analysis, and fraudulent transfer detection.

This partnership is in response to the increased regulatory scrutiny faced by Tether and highlights the stablecoin’s commitment to compliance and combating illegal activity.

Reports surface showing Venezuela’s state-run oil company is using USDT to evade US sanctions, UN report says stable in underground banking and money laundering across East and Southeast Asia He emphasized the role of coins.

With over $110 billion in circulation and $4.52 billion in net income in the first quarter of 2024, Tether’s proactive efforts are setting the standard for regulatory compliance in the crypto space.

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