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Tether, the stablecoin issuer, has announced a partnership with blockchain forensics firm Chainalysis to enhance its compliance measures and monitor secondary market activities. This collaboration aims to develop a customizable solution for identifying crypto wallets potentially involved in illicit activities such as bypassing sanctions or financing terrorism. The initiative is part of Tether's broader effort to address regulatory pressures and combat illicit finance within the cryptocurrency market.
Tether’s bid to shed controversial past hits a snag in $14m ‘cocaine paste’ case featuring USDT https://t.co/GHbvXnLgaM
🔥Tether and Chainalysis will develop a solution for monitoring the secondary market According to the press release, this refers to "transactions taking place within the broader $USDT ecosystem beyond limited liability organizations that directly buy and sell the stablecoin."… https://t.co/4eIvzIL2Ov
When stablecoins begin to actively police so-called "secondary market activity" it's a tacit admission of liability for all transfers on their platforms, not just redemptions and withdrawals. It starts with Chainalysis monitoring but won't end until full KYC is implemented. https://t.co/Eneb0CcqUQ
