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Tether, issuer of the world’s largest world, created a and created a New investment In Crystal Intelligence, analytical company Blockchain.
In the post on the blog, Bonds It shares a growing focus on improving transparency and combating illegal use of stablecoins across blockchain networks.
Crystal Intelligence, originally launched by a software company Blockchain Bitfury, provides tools based on data analysis of blockchain transactions. The company is used by coercive bodies, regulators and financial institutions to detect and investigate suspicious crypto activities.
With this investment, Tether stated that it aims to deepen its cooperation with Crystal and further integrate Advanced Analytics into its compliance and monitoring systems.
Building on past cooperation: a platform for a fraud warning
At the beginning of this year, fraud was launched, a public platform that denotes a wallet associated with fraud, hackers and other harmful activities. The platform is designed to increase transparency and provide crypto community and regulatory authorities greater visibility to poor actors.
Through the fraud initiative, Tether and Crystal warnings said they have already provided inspection of the addresses associated with the phishing schemes and other illegal activities.
The ongoing partnership is likely to lead to a wider effort to share data and more sophisticated tools aimed at preventing the criminal use of stablecoins.
Proactive approach to stablecoin risk
Tether said he often faced criticism for his role in a wider cryptal space, especially in terms of possible abuse of his token in unlawful financing. However, this investment shows a more active and cooperative approach to dealing with regulatory concerns.
“We believe that the combination of Tether resources with Crystal analytical capabilities will significantly increase our ability to identify and respond to illegal activities,” said Tether Paolo Ardoino.
The company also emphasized its permanent commitment to closely cooperate with global regulators and coercive bodies to ensure that its stablecoin remains a safe and transparent tool for global finances. Since the demand for stablecoins is constantly growing, there is also a need for stronger frames of compliance.
Tether reveals plans for a decentralized AI platform
Tether expands for stablecoins and into artificial intelligence with AI TETER’s upcoming startupDecentralized AI platform with open source code designed for operation on Peer-to-peer networks.
Introduced by Paolo Ardoino CEO on May 5, Tether AI will support direct USDT and Bitcoin payments and will work without centralized API servers.
It is described as a modular runtime AI capable of running on any device and offers developers more privacy, autonomy and security.
At its core is a concept called “Personal Infinite Intelligence”, suggesting customizable AI agents adapted to the needs and hardware of users.
According to Ardoin, the AI Tether’s internal models are already power tools such as translation service, voice assistant assistant and bitcoin wallet.
Contribution Tether invests in the analytical company Blockchain Crystal Intelligence to solve Stablecoin abuse He appeared for the first time Cryptonews.
