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Tether has invested $100 million in Latin American agro-business Adecoagro to buy into 9.8% of the company.

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NO BYLINE, THANKS Three major players in the crypto space are teaming up to prevent the improper use of USDT, the largest stablecoin by market cap.

Tether, the largest stablecoin issuer, has partnered with Tron, one of the top blockchains, and blockchain intelligence firm TRM Labs to tackle criminal activity involving USDT.

Tether (USDT), the leading stablecoin issuer, has invested more than $112 million into an agroindustrial company that started in Argentina. Documents filed with the U.S. Securities and Exchange Commission (SEC) last month indicate a Tether subsidiary holds 10,048,249 common shares in Adecoagro, a company with agricultural and energy production operations in Argentina, Brazil and Uruguay.

Tether is teaming up with TRM Labs and TRON to form a “T3 Financial Crime Unit” to combat the illicit use of its USDT stablecoin on the TRON blockchain, according to a Sept. 10 statement shared with CryptoSlate.

TRON, stablecoin issuer Tether, and blockchain forensic firm TRM Labs unveiled a strategic partnership on September 10, launching the T3 Financial Crime Unit (FCU) to combat illegal USDT transactions on the TRON blockchain.

TL;DR Tether, TRON and TRM Labs create the T3 Financial Crime Unit (T3 FCU) to combat crypto crimes. The unit has facilitated the freezing of over 12 million USDT linked to fraud and extortion. TRM Labs will provide support in identifying transactions related to illegal activities.

Tron, Tether, and TRM Labs have announced the creation of the T3 Financial Crime Unit (T3 FCU), a new initiative aimed at fighting illicit activity in the cryptocurrency space. The partnership, focused on public-private collaboration, seeks to improve security within the Tron blockchain and reduce the misuse of its tether (USDT) stablecoin.

The leading stablecoin issuer Tether has teamed up with TRON blockchain and TRM Labs to curb crypto scams. The new collaboration primarily focuses on establishing a new financial crime unit that aims to fight illicit activities involving USDT.

Crypto industry's top stablecoin issuer, Tether, seems to be moving in the direction of taking over the world. And I'm all for it!

Tether joins forces with TRON and TRM Labs to bolster the fight against crypto crimes.

Tron, the largest network for the USDT stablecoin, will provide its technical expertise to identify and freeze illicit USDT transactions within the new financial crime unit.

This partnership combines TRM Labs' blockchain intelligence, TRON's technical expertise, and Tether's investigation capabilities. Together, they are making significant strides toward a safer crypto environment.

The collaboration enhances the security of the crypto ecosystem, deterring illicit activities and fostering trust in digital assets. The post TRON, Tether, and TRM Labs unite to launch T3 Financial Crime Unit appeared first on Crypto Briefing.

In collaboration with Valora, the new plan will be launched in Nigeria, South Africa, Brazil, Turkey, and Vietnam.

The T3 Financial Crime Unit (T3 FCU) is looking to clean up USDT issued on Tron, a blockchain favored by bad actors.

TRON, Tether, and TRM Labs have launched the T3 Financial Crime Unit to collaborate on combating illicit activity related to USDT on the TRON blockchain.

The joint initiative targets illicit activity involving USDT on the $13 billion Tron blockchain.

Tether, the issuer behind the largest stablecoin globally, has invested $100 million to acquire a 9.8% share in Adecoagro, a major player in Latin American agriculture.

By acquiring a stake in Adecoagro, Tether is signaling a strategic shift from its tech-focused investments.

Tether has reported substantial revenues from investments and transaction fees. This financial boost could lead to significant changes in how Tether operates and what it offers to its users.

The CEO of Tether says that the stablecoin issuer's synthetic aUSDT product is backed by gold rather than Bitcoin (BTC) because the precious metal is more stable in price than the crypto king.