Tether, the popular stablecoin issuer, has recently announced a strategic partnership with Chainalysis, a leading blockchain analysis firm. This collaboration aims to bolster the monitoring and surveillance capabilities against illicit activities within the Tether ecosystem. By leveraging Chainalysis' advanced blockchain analytics tools, Tether intends to enhance its ability to identify and prevent suspicious transactions that may involve sanctions evasion, money laundering, or other illegal activities.
Through this partnership, Tether and Chainalysis plan to work closely to implement robust surveillance mechanisms that will allow for real-time tracking of USDT transactions. By utilizing Chainalysis' expertise in blockchain forensics, the two entities aim to proactively detect and address any potential risks associated with the use of Tether's stablecoin. The enhanced monitoring and compliance efforts are expected to create a more secure environment for users and help in maintaining the integrity of the cryptocurrency market.
DTCC And Chainlink Successfully Complete Fund Tokenization Pilot With Major U.S. Banks
DTCC and Chainlink's pilot project with major U.S. banks successfully tested bringing fund data onto blockchains, boosting LINK's price.
Dogecoin Expected To Surge Amid Market Rally, Analysts Predict Significant Gains
Dogecoin (DOGE) surged significantly this week, breaking key resistance levels and prompting bullish predictions from analysts due to positive technic
ICP Releases Updated Roadmap Focused On Decentralized AI And Interoperability, Prices Drop 10%
The DFINITY Foundation's new roadmap for Internet Computer Protocol (ICP) focuses on integrating decentralized AI, enhancing on-chain privacy, and imp
Solana's Pump.fun Platform Faces Major Exploit, $80 Million Stolen
Pump.fun, a Solana-based platform for meme coins, was exploited through flash loans, resulting in the theft of nearly 2,000 SOL.
Solana Soars Over 12% Amid Staking Launch, Bullish Metrics, And New Records
Solana's token (SOL) surged about 13%, reaching $162, driven by Robinhood's new staking service in Europe and cooling US inflation.