LIVEāļø Tether Announces Partnership with Chainalysis
š¢ Tether has announced a partnership with the blockchain data platform Chainalysis to develop a customized solution for monitoring transactions of its stablecoin USDT in the secondary market.
š The new system includes tools for checking lists of addresses and transactions involving entities under sanctions, classifying USDT holders by types, including exchanges and darknet markets.
š¼ Additionally, the new solution also includes analysis of the largest wallets for a detailed examination of major USDT holders and their activities, as well as analysis of illicit transfers to identify transactions related to terrorism.
š£ "Tether remains steadfast in our commitment to uphold the highest standards of integrity, and this partnership enhances our proactive approach to protecting our ecosystem from illegal activities," stated Tether CEO Paolo Ardoino.
š It seems that the number of AML blockages will soon significantly increase.
