{"id":165602,"date":"2024-05-03T13:08:00","date_gmt":"2024-05-03T13:08:00","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=165602"},"modified":"2024-05-03T13:08:03","modified_gmt":"2024-05-03T13:08:03","slug":"strengthening-stability-tether-collaborates-with-chainalysis-to-safeguard-against-illicit-activity","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/strengthening-stability-tether-collaborates-with-chainalysis-to-safeguard-against-illicit-activity\/","title":{"rendered":"Strengthening Stability: Tether Collaborates with Chainalysis to Safeguard Against Illicit Activity"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Tether<\/span><\/strong><span data-preserver-spaces=\"true\">, the issuer of the world\u2019s largest stablecoin, USDT,<\/span><strong><span data-preserver-spaces=\"true\">\u00a0has partnered with<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Chainalysis<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0to monitor secondary market activity and combat illicit transactions. This collaboration aims to enhance oversight within the digital asset space by systematically tracking transactions involving USDT beyond direct trading with Tether.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Tether has developed new tools<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0that allow it to identify wallets that may pose risks or be associated with illicit or sanctioned addresses. These tools include Sanctions Monitoring, Categorization, Largest Wallet Analysis, and Illicit Transfers Detector.<\/span><\/li>\n<li><span data-preserver-spaces=\"true\">Despite scrutiny over the years,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Tether remains the longest-standing stablecoin with the largest volume in circulation.\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">Its commitment to stability and security continues to shape the crypto landscape. Tether\u2019s collaboration with Chainalysis represents a proactive effort to safeguard against illicit activity.<\/span><\/span><hr \/><\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Tether,\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">the issuer of the world\u2019s largest\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/stablecoins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">stablecoin<\/span><\/a><span data-preserver-spaces=\"true\">, USDT,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">has taken a significant step toward strengthening stability and compliance.<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0In a strategic partnership, Tether has\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/tether.io\/news\/tether-enhances-compliance-measures-with-chainalysis-ecosystem-monitoring-solution\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">teamed\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">up with the blockchain data platform Chainalysis to monitor secondary market activity and combat illicit transactions.<\/span><!--more--><\/p>\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Tether Enhances Compliance Measures with Chainalysis Ecosystem Monitoring Solution. Tether has collaborated with <a href=\"https:\/\/twitter.com\/chainalysis?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">@chainalysis<\/a>, the blockchain data platform to develop a customizable solution for monitoring secondary market activity. <br><br>Read More<a href=\"https:\/\/t.co\/8r5NwJmL5q\" target=\"_blank\">https:\/\/t.co\/8r5NwJmL5q<\/a><\/p>&mdash; Tether (@Tether_to) <a href=\"https:\/\/twitter.com\/Tether_to\/status\/1786094517373813161?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">May 2, 2024<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The collaboration aims to enhance oversight within the digital asset space<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0by systematically tracking transactions involving USDT beyond direct trading with Tether. The term \u2018secondary market activity\u2019 encompasses a range of transactions that occur within the expansive USDT ecosystem, beyond the primary trading interactions with Tether.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">By leveraging Chainalysis\u2019 expertise in\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/blockchain-technology\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">blockchain\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">data analysis,\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Tether can now methodically monitor these transactions,\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">providing proactive intelligence for compliance professionals and investigators.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">The newly developed tools allow Tether to identify wallets that may pose risks or be associated with illicit or sanctioned addresses.\u00a0<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">What Encompasses Tether&#8217;s Innovative Monitoring System<\/span><\/h2>\n<p style=\"text-align: justify\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-165606\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/TetherTools.jpg\" alt=\"Strengthening Stability: Tether Collaborates with Chainalysis to Safeguard Against Illicit Activity\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/TetherTools.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/TetherTools-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/05\/TetherTools-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<ol style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Sanctions Monitoring<\/span><\/strong><span data-preserver-spaces=\"true\">: This feature provides a comprehensive record of addresses and transactions involving businesses subject to sanctions. It helps detect any suspicious activity related to illicit financial flows.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Categorization<\/span><\/strong><span data-preserver-spaces=\"true\">: Tether can analyze USDT holders based on categories, including exchanges and darknet markets. This categorization enables a deeper understanding of the ecosystem and potential risks.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Largest Wallet Analysis<\/span><\/strong><span data-preserver-spaces=\"true\">: The system offers an extensive analysis of prominent USDT holders and their activities. By monitoring large wallets, Tether gains insights into market dynamics.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Illicit Transfers Detector<\/span><\/strong><span data-preserver-spaces=\"true\">: This tool helps identify transactions linked to illegal categories, such as financing terrorism. By promptly detecting such transfers, Tether contributes to a safer crypto environment.<\/span><\/li>\n<\/ol>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Tether\u2019s dedication to maintaining a secure and transparent environment for cryptocurrency transactions is evident<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0through its collaboration with Chainalysis. The stablecoin issuer collaborates with 124 law enforcement agencies in 43 jurisdictions to combat illicit activities.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">By implementing strict compliance measures and responding swiftly to any misuse of USDT, Tether sets safety standards in the crypto industry.\u00a0<\/span><strong><span data-preserver-spaces=\"true\">Earlier this week, Tether reported a record net profit of $4.52 billion in the first quarter of 2024<\/span><\/strong><span data-preserver-spaces=\"true\">, primarily attributed to financial gains from Bitcoin and gold investments.\u00a0<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Despite scrutiny over the years, Tether remains the longest-standing stablecoin with the largest volume in circulation. Its commitment to stability and security continues to shape the crypto landscape.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Tether\u2019s collaboration with Chainalysis represents a proactive effort to safeguard against illicit activity, reinforcing confidence in stablecoin transactions and contributing to a more resilient crypto ecosystem.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>TL;DR Tether, the issuer of the world\u2019s largest stablecoin, USDT,\u00a0has partnered with\u00a0Chainalysis\u00a0to monitor secondary market activity and combat illicit transactions. This collaboration aims to enhance oversight within the digital asset space by systematically tracking transactions involving USDT beyond direct trading with Tether. Tether has developed new tools\u00a0that allow it to identify wallets that may pose &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Strengthening Stability: Tether Collaborates with Chainalysis to Safeguard Against Illicit Activity\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/strengthening-stability-tether-collaborates-with-chainalysis-to-safeguard-against-illicit-activity\/#more-165602\" aria-label=\"More on Strengthening Stability: Tether Collaborates with Chainalysis to Safeguard Against Illicit Activity\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":165605,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102,84,74],"tags":[5218,5016,4844],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165602"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=165602"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165602\/revisions"}],"predecessor-version":[{"id":165608,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/165602\/revisions\/165608"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/165605"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=165602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=165602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=165602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}