Tether, Tron, and TRM Labs have partnered to form the T3 Financial Crime Unit (T3 FCU). This new private unit attempts to combat criminal operations with USDT on the Tron network.
The cooperation combines TRM Labs' anti-financial crime expertise with Tron's technological understanding. Tether provides via its external investigative team. T3 FCU investigates terrorism-related transactions, sanctions evasion, theft, hacking, cybercrime, and fraud.
Since its inception, T3 FCU has frozen approximately $12 million in USDT related to numerous scams and frauds. This measure indicates the unit's commitment to improving cryptocurrency industry security.
Tron's involvement is crucial since it holds 51% of the USDT, worth $60.8 billion. This makes Tron the largest network for USDT. The cooperation strives to guarantee that blockchain technology has a good impact. It sends a clear warning against illegal activity in the crypto industry.
While rivals such as USDC discontinued Tron support earlier this year, Tether continues to coin USDT on the Tron network. Since February 2024, Tron-based USDT has added $10B in approved minting, demonstrating the network's continued growth and confidence.
