Tether (USDT) News: Tether, Tron (TRX), and TRM Labs Unite Against USDT Crimes
Tether, Tron, and TRM Unite to Combat USDT Crimes
Tether (USDT) has aligned with Tron (TRX) and TRM Labs to form a groundbreaking Financial Crime Unit, addressing USDT-related illicit actions. This effort is vital given that a 2023 report indicates that Tron hosts about 45% of all criminal crypto transactions.
Understanding the Scope of the Problem
Tron’s co-founder, Justin Sun, recognizes the urgent need for this collaboration. Over 50% of USDT's total supply circulates on Tron, attracting both prosperous users and those engaging in nefarious activities.
- Key Statistics:
- 45% of illicit crypto volume comes from Tron.
- Over 50% of USDT operates on the Tron blockchain.
With this partnership, Tether, Tron, and TRM Labs aim to implement strategies to mitigate risks associated with the misuse of USDT and enhance the security of the blockchain environment.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.