Tether and Chainalysis will develop a solution for monitoring the secondary market

👀 Tether, the issuer of USDT, and blockchain data platform Chainalysis have formed a partnership to create a system for tracking activity in the secondary market.

🤔 This concerns #transactions that occur within the broader USDT ecosystem beyond limited liability companies that directly buy and sell the #stablecoin .

💻 The solution will allow Tether to methodically track transfers, ensuring control over the #USDT。 market and serving as a source of information for compliance specialists and investigators, enabling the identification of wallets that pose a risk or are associated with criminal and/or sanctioned addresses.🧐

#CryptoWatchMay2024 #BTC