Tether Establishes FASE Foundation to Launch Humanitarian Pilot for Stablecoins

Tether has established the FASE (Financial Access and Systemic Empowerment) Foundation in Switzerland, focusing on financial security, inclusive finance, resource access, and responsible AI and robotics. Founding members include Kraken, Bybit, Chainalysis, Anchorage Digital, and the Solana Foundation, with the United Nations Office on Drugs and Crime (UNODC) as a strategic partner. The first projects include a collaboration with Goodwall to provide anti-fraud education to up to 10 million young people, and a pilot program with Prosper Global (formerly Mercy Corps) to distribute humanitarian aid using stablecoins, initially covering up to 1 million people.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.