Tether's New Partnership: Joining the Tron in the fight against cryptocurrency crime

Tether's New Partnership: Joining the Tron in the fight against cryptocurrency crime

A significant partnership between Tron (TRX), Tether and TRM Labs has been officially announced as they join forces to stop cryptocurrency crime. This move comes at a time when the amount of fraud and illegal activity in the cryptocurrency space is increasing significantly.

According to information published on Coindesk, approximately 45% of all illegal cryptocurrency activity is conducted on the TRON blockchain. To counter this, the three companies have agreed to establish a new financial crime unit called the T3 Financial Crimes Unit (T3 FCU).

This initiative is groundbreaking as it aims to strengthen collaboration between the public and private sectors to combat illegal activities associated with the use of USDT stablecoin on the TRON blockchain.

As a leader in digital assets, Tether has teamed its external investigative teams with TRM Labs experts who are renowned in the field of blockchain analytics. The technical background of TRON, the world's leading blockchain platform, creates a synergy that aims to improve security and trust in the cryptocurrency community.

Chris Janczewski, Head of Global Investigations at TRM Labs, commented: "We are proud to be working with TRON and Tether, as well as law enforcement and others. Our shared goal is to create a safer and more responsible blockchain environment for all users."

Team Coingarage