Tether partners with Anchorage, Kraken, and others to establish the FASE Foundation, piloting stablecoin humanitarian aid

According to TechFlow, on October 28, an official press release from Tether disclosed that Tether announced on October 28 the establishment of the Swiss non-profit foundation FASE (Financial Access and Systemic Empowerment), focusing on four key 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 services.

The initial projects include: establishing a global youth alliance with Goodwall, planned to provide fraud prevention 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.