Tether announced the launch of the FASE Foundation (Financial Access and Systemic Empowerment), a Swiss nonprofit organization that will develop programs to prevent financial fraud, support human trafficking victims, and distribute humanitarian aid through stablecoins.
The initiative brings together Anchorage Digital, Bitfury, Bybit, Chainalysis, Kraken, Solana Foundation, and other companies. The United Nations Office on Drugs and Crime (UNODC) will serve as a strategic partner and provide technical advice.
Among its first projects is a partnership with Goodwall to provide digital education and scam-prevention tools to up to 10 million young people, primarily in Africa, Latin America, and Southeast Asia.
FASE will also work with Prosper Global on a pilot program exploring the use of stablecoins to distribute humanitarian aid more transparently and efficiently. The initiative could reach up to one million people, although it is still in development.
The foundation will expand cybercrime prevention efforts across Africa, Asia, and Central America. Tether will also support organizations providing direct assistance to human trafficking survivors, in collaboration with a specialized United Nations fund.
Tether CEO Paolo Ardoino explained that FASE aims to improve access to protection, assistance, and financial services for communities that have traditionally been excluded from the banking system.
Source: Tether
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