【Tether has spearheaded an anti-scam foundation—and will use stablecoins to provide aid to 1 million people 💵🛡️】
Group chat: 🌟 加入X先生的粉丝群聊跟进行情
Anyone holding $USDT has probably wondered at some point: if I send this money out, can I get it back?
📢 On October 28, Tether announced the launch of the FASE Foundation, a Switzerland-registered nonprofit with 11 founding members. In short, it’s bringing together a group of organizations to form a permanent body.
Why would a stablecoin issuer take on scams directly?
FASE is kicking off with three initiatives: partnering with Goodwall to provide digital safety education to up to 10 million young people; working with a UN trust fund on anti-trafficking efforts in six African countries; and piloting stablecoin aid with Prosper Global, reaching around 1 million people.
So what does this have to do with an ordinary person’s wallet?
The third initiative is the most significant: the 1 million people will receive stablecoins they can spend directly, not cash cards. Until now, an issuer’s main role has been to cooperate with law enforcement to freeze addresses, stepping in only after funds have left the chain. This time, the money is going toward prevention.
But one detail needs clarifying: the founding members include a blockchain analytics firm like Chainalysis, as well as Anchorage Digital and the Solana Foundation. The UN Office on Drugs and Crime is only a strategic partner. The longer the list, the more it looks like a staged group photo for a press release.
⚠️ What’s more worth watching is the money and the relationships. This year, Tether partnered with Fasanara Capital on a $400 million credit fund, and Fasanara is also on the foundation’s founding-member list. The same names show up as both business and charitable partners. The foundation also hasn’t explained how it will measure success, and 10 million is a maximum figure.
📌 The key question is what those 1 million people do with the stablecoins: spend them on-chain, or convert them into local currency right away. The former would mean stablecoins have become a payment rail; the latter would make them just a way station.
Understanding how issuers spend their charitable budgets helps explain what the industry is competing for.
Group chat: 🌟 加入X先生的粉丝群聊跟进行情
Anyone holding $USDT has probably wondered at some point: if I send this money out, can I get it back?
📢 On October 28, Tether announced the launch of the FASE Foundation, a Switzerland-registered nonprofit with 11 founding members. In short, it’s bringing together a group of organizations to form a permanent body.
Why would a stablecoin issuer take on scams directly?
FASE is kicking off with three initiatives: partnering with Goodwall to provide digital safety education to up to 10 million young people; working with a UN trust fund on anti-trafficking efforts in six African countries; and piloting stablecoin aid with Prosper Global, reaching around 1 million people.
So what does this have to do with an ordinary person’s wallet?
The third initiative is the most significant: the 1 million people will receive stablecoins they can spend directly, not cash cards. Until now, an issuer’s main role has been to cooperate with law enforcement to freeze addresses, stepping in only after funds have left the chain. This time, the money is going toward prevention.
But one detail needs clarifying: the founding members include a blockchain analytics firm like Chainalysis, as well as Anchorage Digital and the Solana Foundation. The UN Office on Drugs and Crime is only a strategic partner. The longer the list, the more it looks like a staged group photo for a press release.
⚠️ What’s more worth watching is the money and the relationships. This year, Tether partnered with Fasanara Capital on a $400 million credit fund, and Fasanara is also on the foundation’s founding-member list. The same names show up as both business and charitable partners. The foundation also hasn’t explained how it will measure success, and 10 million is a maximum figure.
📌 The key question is what those 1 million people do with the stablecoins: spend them on-chain, or convert them into local currency right away. The former would mean stablecoins have become a payment rail; the latter would make them just a way station.
Understanding how issuers spend their charitable budgets helps explain what the industry is competing for.
