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

Tether has established the FASE (Financial Access and Systemic Empowerment Foundation), a non-profit foundation in Switzerland, focusing on financial security, financial inclusion, resource access, and responsible AI and robotics technology. Founding members include Anchorage Digital, Bitfury, Bybit, Chainalysis, Fasanara Capital, Kraken, Opera, Pave Bank, Prosper Global, the Solana Foundation, and Tether. The first projects of FASE include: establishing a global youth alliance with Goodwall to provide digital education and anti-fraud tools for up to 10 million young people, with a focus on Africa, Latin America, and Southeast Asia; collaborating with Prosper Global to explore the distribution of humanitarian aid via stablecoins, initially piloting to cover up to 1 million people; and partnering with the United Nations Trust Fund to support NGOs in countries such as Senegal, Nigeria, the Democratic Republic of the Congo, Malawi, Ethiopia, and Uganda, providing assistance to survivors of human trafficking.

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