Tether and Industry Collaborators Launch FASE Foundation to Fight Scams, Support Trafficking Survivors, and Pilot Stablecoin Aid in Vulnerable Communities
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AI summary of the source article
Tether and industry partners have launched the Financial Access and Systemic Empowerment (FASE) Foundation. The Swiss not-for-profit focuses on financial safety, inclusion, cybercrime prevention, and piloting stablecoin-based humanitarian aid.
Why it matters
FASE is exploring "how stablecoins can deliver humanitarian aid more transparently and efficiently," with an initial pilot intended to "serve as a model for future crisis response."
Key facts
- Tether and partners including Anchorage Digital, Bybit, Chainalysis, Kraken, and Solana Foundation launched the Swiss not-for-profit FASE Foundation.
- FASE and Prosper Global plan an initial pilot reaching up to 1 million people to explore delivering humanitarian aid via stablecoins.
- The foundation's initiatives include partnering with Goodwall to reach up to 10 million youth with scam-prevention tools and collaborating with the UNODC.
Source excerpt · Tether news
Founding stakeholders include Anchorage Digital, Bitfury, Bybit, Chainalysis, Fasanara Capital, Kraken, Opera, Pave Bank, Prosper Global (formerly Mercy Corps), Solana Foundation, and Tether. The United Nations Office on Drugs and Crime (UNODC) will also serve as a strategic partner. The first programs aim to cover youth cybercrime prevention, support human trafficking survivors, and a stablecoin…