According to CoinMeta, Tether announced the establishment of a Swiss non-profit organization, the FASE Foundation. The founding participants include institutions such as Bybit, Kraken, Chainalysis, Anchorage Digital, and Solana Foundation. The foundation will focus on projects such as preventing financial fraud, promoting financial inclusion, and providing assistance to victims of human trafficking. It will also collaborate with Prosper Global to explore the use of stablecoins for distributing humanitarian aid, with an initial pilot plan covering up to 1 million people. In addition, the foundation plans to provide digital security education and anti-fraud tools to up to 10 million young people.