Digital asset company, Tether has made a strategic investment in a renowned blockchain analytics firm, Crystal Intelligence to provide advanced risk monitoring, fraud detection, and regulatory intelligence solutions. The digital asset firm confirmed the development in a blog post on Tuesday, adding that the investment represents part of its efforts to combat illicit stablecoin use. Through this investment, Tether also plans to support law enforcement agencies and build a more secure and resilient digital asset ecosystem.
This strategic investment will leverage the investigative tools employed by enforcement agencies, regulators, and institutions globally. In addition, it will also utilize Tether and Crystal Intelligence’s ongoing work to enhance intelligence capabilities. Both firms have actively contributed to the advancement of Scam Alert (scam-alert.io), a public platform designed to identify and flag wallet addresses linked to scams and abusive activities in real time.
In addition, the investment in Crystal Intelligence represents a strategic alignment with Tether’s commitment to enhancing its compliance-focused infrastructure. Other recent efforts of the digital asset firm include the integration of institutional-grade monitoring to ensure tokenized real-world assets are issued and maintained with transparency and regulatory alignment.
Meanwhile, In 2024, the FBI reported that the United States lost over $9.3 billion worth of cryptocurrencies to scams. In response to this alarming development, Tether embarked on the role of voluntarily supporting law enforcement agencies in their efforts to combat criminal activities involving stablecoin technology.
Over the last few years, the digital asset firm has supported over 255 law enforcement agencies across 55 jurisdictions including the U.S Secret Service and FBI. Similarly, the digital asset firm has also frozen over $2.7 billion USDT connected to illicit activities.
Tether signs MoU with Adecoargro
It is worth noting that this development comes at the heels of Tether’s Memorandum of Understanding with Adecoargro to advance bitcoin mining efforts. This partnership with Adecoargro was not only to bolster the digital economy but also to explore innovative opportunities in renewable energy assets.
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