TRON Partners with Tether to Fight Illicit USDT Transactions
Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...
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.
#TRON, @Tether_to, and @trmlabs today announced we have joined forces to establish the T3 Financial Crime Unit, a first-of-its-kind initiative aimed at facilitating public-private collaboration to combat illicit activity associated with the use of USDT on the TRON blockchain.… pic.twitter.com/156pMChPra
The collaboration uses advanced technology and law enforcement efforts to identify and dismantle criminal networks exploiting USDT for illegal activities.
According to the press release, the T3 Financial Crime Unit (FCU) is designed to disrupt criminal activities by using real-time data and advanced analytics to track illicit flows of USDT.
TRON founder Justin Sun commented, “By collaborating with TRM Labs and Tether, TRON ensures blockchain technology benefits society while making it clear that illicit activity won’t be tolerated.”
TRON’s expansive ecosystem, with over 240 million users and 8.4 billion transactions, is central to preventing the platform from becoming a hub for illicit activities.
Today, TRON usage surged, with daily transactions over 8.7 million, nearing 10 million. Community super representatives agreed to lower energy prices to cut transaction costs. The proposal should take effect this week. https://t.co/9GVz22cCre
TRON’s low fees and stability, though beneficial for legitimate users, have also
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