Tether joins force with industry partners to launch FASE Foundation for scam prevention and humanitarian aid

Tether and a group of digital asset and technology companies have launched the Financial Access and Systemic Empowerment Foundation to expand financial protection and inclusion while supporting vulnerable communities.

The Swiss nonprofit’s founding group includes Anchorage Digital, Bitfury, Bybit, Chainalysis, Fasanara Capital, Kraken, Opera, Pave Bank, Prosper Global, Solana Foundation and Tether. The UNODC will act as a strategic partner and provide technical guidance.

FASE’s first programs target online scams, youth education, human trafficking and humanitarian assistance. In partnership with Goodwall, the foundation aims to provide digital education and scam-prevention resources to up to 10 million young people, particularly in Africa, Latin America and Southeast Asia.

A separate initiative with Prosper Global will explore stablecoin-based humanitarian aid, with an initial pilot potentially reaching up to 1 million people.

The foundation also plans to scale up cybercrime-prevention efforts with the UNODC across Africa, Asia and Central America and fund civil society organizations that help human trafficking survivors, working with the United Nations Trust Fund for Victims of Human Trafficking.