Tether strengthens anti-money laundering tools with encrypted data analysis company Chainalysis

According to CoinDesk, on February 12, the stablecoin project Tether announced a partnership with crypto data analysis company Chainalysis to strengthen its anti-money laundering tools. According to the press release, Tether will apply ChainAnalysis's "Quick Understanding Transaction" tool for token issuers, enabling stablecoin companies to monitor activities and quickly understand the risk profile of token holders.