Tether launches FASE foundation for anti-fraud and trafficking victim support

Tether, the issuer of the dollar-pegged stablecoin USDT, has launched the nonprofit FASE foundation to expand financial inclusion, prevent fraud and support victims of human trafficking, according to its official blog. The foundation includes 11 founding contributors, including Bybit, Kraken, Chainalysis and the Solana Foundation. Its main initiatives include digital education and fraud-prevention programs for up to 10 million young people, a humanitarian aid pilot for up to 1 million people using stablecoins, and support for organizations assisting victims of human trafficking.