Chainalysis Joins Forces with Tether (USDT) to Enhance Transaction Monitoring and Fight Crypto Crimes

• Tether, the world’s largest stablecoin issuer, has partnered with blockchain data platform Chainalysis to monitor secondary market activity and combat illicit activity.
• The new tools developed by Chainalysis will allow Tether to identify wallets that may pose risks or be associated with illicit or sanctioned addresses.
• Tether recently reported a record net profit of $4.52 billion in Q1 2024, largely attributed to financial gains on Bitcoin and gold.

Tether partners with Chainalysis to enhance compliance measures and monitor transactions, aiming to make the crypto ecosystem safer. The stablecoin issuer also reports a record profit in Q1 2024.