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Tether Enters Transaction Surveillance Partnership with Chainalysis as Regulatory Pressure Mounts

Tether, issuer of the largest stablecoin USDT, said Thursday it has teamed up with blockchain surveillance company Chainalysis to monitor transactions with its tokens on secondary markets. The surveillance system includes international sanctions compliance and illicit transfer detection that could be associated with activities like terrorist financing. The action comes as pressure from regulators and policymakers globally is mounting on Tether for USDT's alleged role to circumvent international sanctions and facilitate illicit finance. USDT is the most popular stablecoin with over $110 billion of tokens in circulation.

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