Summary
- Tether announced that it had made a strategic investment in blockchain analytics company Crystal Intelligence.
- The purpose of this investment is to prevent the illegal use of stablecoins and strengthen the ability to track illicit funds.
- The two companies previously stated that they had jointly developed the platform 'Scam Alert' which discloses wallet addresses related to illegal activities.
Tether (USDT), the issuer of the dollar-based stablecoin Tether, has reportedly made a strategic investment in the blockchain analytics company Crystal Intelligence.
On the 8th (local time), Tether announced on its official website, "We have made a strategic investment in Crystal Intelligence," adding, "This investment is intended to prevent the illegal use of stablecoins." Previously, the two companies collaborated in developing the platform 'Scam Alert,' which discloses wallet addresses associated with scams or illegal activities.
Paolo Ardoino, CEO of Tether, said, "Tether is working hard to fight against illegal activities," and added, "This strategic investment will further strengthen our ability to track illicit funds."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
