Tether Launches FASE Foundation With Industry Partners to Combat Fraud, Support Trafficking Survivors
JH Kim
Summary
- Tether said it launched the FASE Foundation with industry partners to combat fraud and support survivors of human trafficking.
- The FASE Foundation said it will pursue plans focused on fraud prevention and humanitarian aid efforts.
- The foundation said it will pilot humanitarian aid programs using stablecoins and explore ways to use them in relief work.
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Stablecoin issuer Tether has launched the FASE Foundation with industry partners to combat fraud and support survivors of human trafficking.
Cointelegraph reported on October 28 that Tether had established the FASE Foundation with industry partners to help prevent fraud-related losses and advance humanitarian aid efforts.
The foundation plans to respond to fraud-related crimes while also supporting survivors of human trafficking.
It also plans to pilot humanitarian aid programs using stablecoins, with the aim of expanding their use in relief work.
JH Kim
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