Tether launches FASE Foundation to fight scams and pilot stablecoin aid

The Swiss nonprofit brings together Kraken, Chainalysis, Solana Foundation and others, with the UNODC as a strategic partner Tether has launched a nonprofit called the Financial Access and Systemic Empowerment Foundation, or FASE. Its three opening programs target youth cybercrime prevention, support for human trafficking survivors, and a stablecoin-based humanitarian aid pilot. FASE is structured as a Swiss nonprofit with 11 founding stakeholders. The roster includes Anchorage Digital, Bitfury, Bybit, Chainalysis, Fasanara Capital, Kraken, Opera, Pave Bank, Prosper Global, Solana Foundation, and Tether itself. The United Nations Office on Drugs and Crime (UNODC) joins as a strategic partner rather than a founding member. The first initiative focuses on young people. Through a partnership with Goodwall, FASE aims to deliver digital safety education to up to 10 million young people.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Crypto Briefing.