Tether, Anchorage, Kraken and Others Establish FASE Foundation to Pilot Stablecoin Humanitarian Aid

TechFlow reported, citing Tether's official press release on October 28, that Tether announced on October 28 the establishment of the Swiss nonprofit foundation FASE (Financial Access and Systemic Empowerment), focusing on four areas: financial security, financial inclusion, access to basic resources, and responsible AI and robotics. Founding members include Anchorage Digital, Bitfury, Bybit, Chainalysis, Fasanara Capital, Kraken, Opera, Pave Bank, Prosper Global (formerly Mercy Corps) and Solana Foundation, with the United Nations Office on Drugs and Crime (UNODC) providing technical advisory support.

The first projects include: establishing a global youth alliance with Goodwall, with plans to provide anti-fraud education to up to 10 million young people, prioritizing Africa, Latin America and Southeast Asia; launching a stablecoin humanitarian aid pilot with Prosper Global, initially covering up to 1 million people; and partnering with the United Nations Trust Fund for Victims of Human Trafficking to support survivor assistance.

Source: TechFlow